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Which company to take loan from
I have purchased a property in mumbai and had applied for home loan from two intuitions ie. LIC housing Finance and Axis Bank. Both have approved my loan but the terms are slightly different. Now, I want to decide which Intuition should I take the loan from? Which will be beneficial for me in long term? The details are as below: The loan tenor for both of them is 25 years Axis Bank - 8.25% fixed for first 2 Years, Revolving there after current revolving rate at MRR -3.25% (Currently at 9%) LIC Housing Finance- 8.9% fixed for 3 years and revolving rate there afterm currently at MMR -2.5% (Currently at 10%)
