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Home Loans: Home laon from private bak or public bank?

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    • Answers: 1
    • Joined: May 15th 2008
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    If you were to seek a home loan, which institute would you prefer
    - private bank
    - public bank
    • CommentAuthorLoan Guru
    • CommentTimeMay 19th 2008
     
    • Answers: 13
    • Joined: Jan 20th 2008
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    A bank is a bank is a bank. It does not matter whether the bank is a public sector bank or a private sector bank. What matters is the loan product. Having said that some consumers prefer public sector banks because in their opinion there will be no coercive measures if they happen to default on their loans. Whilst this is true to some extent nowadays even public sector banks have begun appointing private collection agencies for collection of their outstanding amounts and hence this differentiation may not remain.

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