u/Big_Jackfruit1727

Hi everyone,

I’m planning to purchase a flat in a premium under-construction project in Hyderabad and currently evaluating home loan options. Looking for genuine feedback and experiences from people who have already gone through this journey.

Loan Requirement:

\* Loan Amount: \~₹1.3 Cr + possible interior loan
\* Tenure: 20 years
\* Joint loan with spouse
\* CIBIL Scores:
\* Mine: 794
\* Spouse: 750+
\* Property is under construction (RERA approved)

Current Bank Offers:

\* UBI – 7.35%
\* PNB – 7.25%
\* SBI – 7.65%
\* ICICI – 7.50%
\* HDFC – 7.30% approx

Situation:

Builder’s loan team is strongly recommending UBI because they are apparently one of the major funders for the project and are offering:

\* Up to 90% funding
\* Interior loan at same ROI as home loan

However, some fellow owners and friends are suggesting:

\* Government banks (especially SBI) are better long-term
\* Repo rate reductions are passed faster in PSU banks
\* Private banks are good only if ROI difference is significant
\* UBI service/app experience may not be great long-term

My Priorities:

\* Long-term transparency
\* Good digital experience (mobile app/web)
\* Faster repo rate transmission
\* Easy prepayment/part-payment
\* Smooth disbursement for under-construction property
\* Less branch dependency if possible

Questions:

1. Which bank would you personally choose for a 20-year large-ticket loan and why?
2. How has your experience been with SBI / ICICI / HDFC / UBI?
3. Do PSU banks really pass repo cuts faster in practice?
4. Is UBI worth considering purely for lower ROI + higher funding?
5. Any hidden issues I should be aware of with private banks or PSU banks?
6. Should higher salary spouse be primary applicant?

Would really appreciate practical experiences and suggestions from existing homeowners 🙏

I’m a software professional from a small town in Andhra Pradesh. I was born and brought up there, later moved to bigger cities for studies and work, and have now spent around a decade in IT across multiple cities.

For the past few years, I’ve had a strong feeling of wanting to return to my hometown and build something of my own instead of staying in corporate life forever. With all the uncertainty around IT jobs, AI, layoffs, etc., I feel mentally stuck between continuing a stable career and taking a risk toward business.

I come from a family with strong business background (rice mill, clothing, theater-related businesses, etc.), but my elders keep telling me that business is not easy and I should continue my software job peacefully. That fear and doubt is making me hesitate.

One thing I strongly observed in my hometown is that while there are some decent restaurants, there’s no proper breakfast/café-style place with good ambience where families, youngsters, or returning employees can actually sit, spend time, and enjoy quality food and experience. I personally feel this “experience + food” gap may have potential in tier-3 towns now.

At the same time, I’m also open to non-food businesses if they have better long-term scope and sustainability.

People who moved from IT into business:

- How did you know when to make the jump?
- Did you start part-time while keeping your job?
- Is food business actually worth entering in smaller towns?
- What businesses are growing well in tier-3 towns in India now?
- What mistakes should I avoid in the beginning?

Would genuinely appreciate practical advice from people who’ve gone through something similar.