Look at message .. NO body wants to go for ICICI as they are not good and transparent in the system. Go for SBI as they are more trustworthy and ethical people. If they give us loan we will be less in problem. ICICI bank recruits gundas... Ban should be from all of us...
I feel private banks like ICICI or HDFC are much better as compared to Public Sector Banks. I have taken a home loan from PNB. Though their interest rates are much lower, but following are the issues which will discourage me (atleast) for dealing with PNB again :
1. Pathetic paper-work and follow-up system 2. They sanction only 75% of the loan amount 3. Very high processing fees (1%) and documentation charges 4. Managers are poorly informed about the latest policies or circulars 5.Hidden charges are prevelant. 6.Processing or turn-around time is much higher.
I have had a very tough time with PNB. Swear, how can a bank be such a laggard when it comes to technology. Even though they have the interest rates lower still, they torture to such an extent that I feel private banks are much better.
Guys, better stay off from PNB. I think it should be re-named as Pathetic National Bank.
RE:Do not go for ICICI
by raj on Apr 07, 2008 10:50 AM Permalink
true - better sbi than icici when it comes to loan. they are good for retail banking - when the going goes good.
