Canara Bank Home Loan Review
Hello Everyone,
Canara is offering home loan @7.15% but their sanction letter clearly states that the current discount of 0.85% will be taken off after 3 years which means the roi will be around 8% after 3 years.
I went to Canara Bank where the Branch manager said no bank will make its interest rate 8% as it will be hard to compete in this market and the same rate will continue further if there is no drastic change in CIBIL.
Any advice on whether to go for Canara bank? Is there a long term home loan customer of canara who knows how the bank behaves in such scenarios?
u/QuailProfessional930 — 20 hours ago