Home loan survey results

Recently, BNP Paribas conducted a survey of the home loan Market in India.

The conclusions were as follows:

1. Interest Rate Range:9.95% to 13.75%
2. Rates offered by banks:9.95% to 11.75%
3. Rates offered by NBFC (Non banking finance companies):10.75% to 13.75%
4. Stronges Brand/Trust value:HDFC,SBI and LIC housing finance
5. Most preferred among banks:ICICI,Axis,SBI.
6. Most preferred among others:HDFC,LIC.
7. Best due diligence:HDFC
8. Best in efficency:HDFC (Less than 6 days to process)
9. Rate difference between finance firms and banks:20 basis points.
10. Who gives max commission to agents:MNC banks (1%) followed by NBFC’s and Banks.
11. Who sells the max home loans:Agents account for 50% of loans being sold.Direct sales and cross selling teams sell the rest.