Never fall prey of lower interest rate offered by SBI. They are sick bank of India. They work with an attitude that since you want loan you are not a customer to them instead you are beggar.
So you should get loan only when you begged them enough. Again there is no limit on what is enough in their code of conduct. I’m trying for a transfer a home loan from a biggest cheater bank on the earth i.e. GE Money to a deadly irresponsive bank SBI. This process has just taken 6 Months so far without any success. Currently processing my loan with SBI Marathalli branch Bangalore.
Actually In India you are bound to suffer. Now it’s you who’ll decide, with whom you want to suffer. Private banks will welcome you like their in-laws but then they will show their true color. While these Govt. banks will do this holy job in the beginning itself. Here no code of conduct works. Everyone is free to cheat you the way they want. There is no regulatory agency to look upon these open cheating & looting by banks