[Resolved]  SBI India — HOUSE LOAN

SBI is advertising that there is no processing fee for House Loans.
One of my friend who recently took loan in Kerala told the following story
SBI inisist that Leagal opinion should be through the lawyer they mention the charge is 1000/-
The Evaluator ( Civil Engineer ) also fixed by them. We have to pay Rs 2000 and if you are urgent you have to take them to the site.
After that SBI will sent SBI officer to the site verify the certificates given by their Lawyer/Evaluator and Civil authorities.
And after that SBI will insist that the Documents/ Registration also should done be through the writer fixed by them . For that you have pay around 16000/-

So totally 19, 000/- you have to spent to avail a Loan of 19 lakhs.

And at least 10 times you have to visit SBI to remind the urgency of the Loan.
You have to meet the manger /processing officer / Loan account creating officer / Document Signing officer/ Cheque disbusing officer/ Insurance Officer/. You have to walk arround the entire office.
He was wondering is it the same way other banks also act. He felt like visting typical state govt office . State Govt offices are working of course working without IT gadgets are much better. "SBI- old wine new bottle(A/c room)" But still wine (loan) is cheaper 9.25% so we have to bear all this to get some kick .
Please for God's sake and our country' s sake let us work to our consciuos for taking 50, 000 minim salary
Albert Sam