Mahindra Aura newly launched project

About Project : Mahindra Lifespaces has launched a new residential project Mahindra Aura. Every Aura has been finely crafted to cater to your refined sensibilities. Mahindra Aura project is spread over an area of 16.84 acres. The project Aura offers 3 towers and has structure of ground plus 12 floors comprising of 231 luxurious apartments of 2 and 3 BHK. The site designated for residential use (as per the Gurgaon 2021 master plan). Adept architecture imbues every home with an expansive feeling of space and serenity, offering you a truly comfort living experience.

About Developer : Inspired Creations Service that makes a difference for healthy living. This is our motto. We live in not only building mere housed but we create homes for healthy and satisfying living experience. Through a process of co-creation with customers, we create spaces that add a sense of security and luxury to your everyday life. The Companys ethical and transparent dealing coupled with unparalleled service make the overall home buying process a joyful, satisfying and hassle-free experience. Today, the Company has become synonymous with high quality, affordable accommodation and has earned first place amongst the fastest growing construction companies in India. The company has undergone transformation and changed from Mahindra Gesco Developers Ltd. to Mahindra lifespace Developers ltd. the new Mahindra lifespace logo called the flowers of life is thoughtfully designed and exemplifies the spirit behind the companys creations. The name lifespaces is tucked into the flowers of life and is comforted, cosseted and nurtured by it. And when they come together they stand for the very essence of life.

Home loan calculator that calculates the total cost for your home based on monthly payments?

I have no problem finding regular home loan calculator online, where you enter in the loan amount, interest rate, etc and it gives you an estimated monthly payment. But I'm looking for one that works backwards. I want to enter in the monthly payments, interest, amount of years, etc and get the total cost of the home (how much you end up paying after the 30 years). I'm kind of inexperienced with financial math. I need to use this for a math project though, so any help would be appreciated..

I believe you are asking for an amortizing schedule which should show you the total amounts of principle and interest over the years. Do a google search for it.

The pattel family purchased a home and took out a mortgage. Piti payment of the loan?

The Pattel family recently purchased a home, taking out a mortgage of $235,000 at 8 3/4% for 25 years. The annual property taxes on the home are $6,345, and the annual hazard insurance premium is $1,479. What is the PITI payment for their loan? A. $2,729.40 B. $2,586.05 C. $1,849.45 D. $652.00 I tried the mortgage calculator, and it is not working. thank you for the help!!

B. $1932 principal and interest monthly payment + 528.75 month tax &123.25 home owners insurance.

I don't understand the eligibility of a student loan?

I'm looking at universities for next year and like most students i'm worried about money. I have EMA so i'm pretty sure i'm eligible for one. I've gone on a student finance calculator but I don't understand which column to look at. Currently, i'm living with my parents but will hopefully move away to university when i'm there. So do I look at the loan for 'If you live at your parental home' or 'If you live away from parental home'. I'm confused, explain please?

I saw your question I have decided to help people out due to the fact that I myself has been scammed four times by four lenders in my search for a loan but at last I got a reliable lender. that gave me the loan($60,000 USD) that I was in dire need of. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair.

Best Mortgage Calculator for Home Equity Loans and Home Refinancing?

I am searching for the best mortgage calculators. Interest Only calculators and simple home mortgage calculators and loan calculators.

You may want to download free OpenOffice, which includes spreadsheet totally compatible with Microsoft Excel. Some macro could be downloaded from web sites of sharks. The best solution could be also to not taking any loan at all. Saving account with 4.5% per annum, monthly payments and compound interest is your friend!!! In this way, bank gonna pay you, not vice versa. You cannot get loan with 4.5% interest, right? So, it can get you your home in not so long time and sets you free. Your heart will be filled with joy and your kids will be grateful to you for not having any debts and financial obligations.

I am looking for a free home loan calculator down load?

What is the name of the calculator that tells you what you would pay a month on a home loan?

We call our calculator How Much Home Can I Afford, which does exactly what you are asking. Most calculators will make assumptions on credit and down payment, so make sure you talk with a mortgage expert to find your exact rate and payment. I've included a link to our calculator. Good luck!

Want to do some home loan calculating no businesses attached amortization calculator?

just want to see for myself before going to the bank

Home loan v/s term insurance?

I have just taken a home loan. One of my friend adviced me to take home loan insurance. Another is advicing to take term insurance so that it will also will for the duration of home loan. Is there any difference in functionality of both.
Home loan insurance is just a wrapper to sell term insurance at high rate. It is just a reducing term insurance (the insure amount reduces as you pay EMI). It is always better to go for pure term insurance.

Why would a home loan insurance company audit a loan file?

I purchased my first home in June, 2007. Because it's my first home, I was required to obtain loan insurance (this was all arranged by the settlement company and/or the mortgage company) A few days ago, my employer received a request for verification of employment and wages from NIA consulting, who represents RMIC (the home loan insurance company) in auditing my loan file. My question is, why would they need to do this if I've had my home for over a year and a half now? Shouldn't this have been done before I bought my home? What purpose does this informations serve? With all this fraudulent loan talk going on at the present time, I certainly would not want a mistake to be found in my loan, and then loose my home.

Considering that the whole loan process was pretty "hands off" for me --- I was told everything would be taken care of ---, and at that time all I cared about was getting a house. By "hands off" I mean that I gave them all of my paperwork as far as wages and ID are concerned, and then just went in and signed the settlement package. In Maryland, all first time home buyers are required to have mortgage insurance. This insurance protects lenders from losses due to defaults on first mortgages for single family residential properties. My mortgage is 5 year interest only---so I definitely don't have ANYWHERE NEAR 20% equity.

What is EMI in home loans?

Any loan has to repaid along with interest. In the case of home loan EMI system of repayment, interest for the entire loan tenure is computed and added to the principal amount. Then the sum is divided by the number of months in which the loan has to be repaid. The result is called EMI. This amount has to be repaid regularly. For accounting purpose the interest components of the EMI would be larger in the initial months and gradually go down. The real rate of interest will be much higher than the rate interest advertised by the Financial Institutions as the principal is also being repaid from first month onwards; but the interest is calculated for the whole loan tenure.

Sorry, could you elaborate?

How much home loan to take ?
pay per annum approx 6 L , age 35 how much max home loan can i get ? wat should be the ideal EMI?
Approx 50,000/- a month. 22,500/- can be monthly EMI. per lakh @ 8.75% rate of interest, for 20 years term is approximately Rs.870/- so your eligibility is around Rs. 26,00,000/-

Mortgage Loan against house, that is already on Home Loan?
Hi I have a House, That is bought with Home Loan. The Loan was almost 85% of the total house value. I have completed two years of EMI. Can I take Mortgage Loan against that House?
Sounds like you bought it two years ago. If this is true you would be better to refinance at the current rates. (It depends on if it was 85% of the value then or now). Your house is likely worth less now than it was two years ago. In any case, refinance the balance (+ only what you need) at the current rate.

I am an IT payer & want to take a home loan to purchase the land?
Here I want to know will i am entitled for Income Tax rebate even i have not build a home. and how much rebate i get if i paid a EMI of 8000 Rx which includes approx 50% of Intrest (Basicly its very Month by Month). Will it calculate according EMI or only on Intrest factor in this
IT benefits are only for housing loan not for purchase of plot! In housing loan, 1.5 Lakhs Interest & 1 lakh principal repayments are considered as deduction!

Which option will make me 'Home Loan Eligible'?
Looking for a home loan for 25-30 Lacs. I am Paying an EMI of 8k as car loan. Already paid first 6 EMIs out of a total of 36. Should I pay the entire amount as lump sum and then apply for home loan? Or Should I continue to pay the EMI and then be in good terms with the bank?
Make an appointment to see a Mortgage Broker as they are professionally trained, to get you the best deal for a home loan. A Mortgage Broker will tell you what your best option is, and can also be of assistance in rearranging your mortgages overall, so you pay less interest.

I want to buy a home, but i have Personal Loan outstanding(4.5 lacs) monthly emi around Rs.20000 i am paying.?
Give me a solution

Which rate of interest will be charged on my home loan?

Sir, I have applied for a home loan from HDFC bank. The day when i applied for the loan, the rate of interest was 10.25% and now it has become 11%. so which rate of interest will be charged to me. The rate of interest on the day of application of the home loan or the day when i take the first disbursement of the loan ? please reply as soon as possible.

the rate of interest on the date of application will not hold good. the interest rate prevailing on the date of disbursal will be charged. one more detail for you. There are two types of interest rate Fixes & Floating. the rate you are mentioning is certainly floating rate. in fixed rate the interest rate will not be changing to you for three years. in floating rate if RBI allows and if hdfc choose to increase the rate, immediately you will be charged more from that month. also if for any reason interest rate drops you will be benefited by paying lesser interest from that month

High home loan rate issue?
I found a home to buy but becuz I have no proof of income and its hard to verify my interest rate is going to be 11.09%. The loan is for $81,500. Will the rate go down when I refi in 6 months? Or will it take a year to do so? I plan to aggressively pay down the principal. I can contribute $20k in one year being that I'm an entertainer. I really want this 4 bed 2 full bath home. My credit isn't the greatest, in fact, just below 600. Any feedback is appreciated.

The rate would probably not go down much in six months because the amount you pay on a loan is only part of the picture. They are also looking for length of employment, credit history, and other stuff too. If you tried in a year the rate would certainly go down then but again don't look for huge drops, maybe one or two percentage points. The thing to remember is the longer history you have (that's good) the more it helps you in every aspect of credit. Good Luck on you home.

How to refinance home loan and consolidate home and auto loans?

What are the fha home loan rates like as of now? I'm looking to use a fha refinance for my current home.?

FHA refinance loans seem like my best option at the time for home loan refinancing. Can anyone provide me with some information pertaining to the current fha rates?

4.875%-5.00% (on a 30 year mortgage) is about the lowest going rate right now. Alot is factored into that rate but that's what you're looking at for rate. You can refinance up to 97.75% of the value of home. hope this helps. Good luck.

How much money do you have to pay for closing cost when you refinance home loan? ?
I would like to refinance my house to get lower rate. My loan is 200,000. I m a first time homeowner, my current rate is 6.5 %. I ve own my home for about a couple of months, my credit is good, not excellent. I would like to know a ball park on paying closing cost. Also is the closing cost money i need to come up with?
2%

we have not so good credit and want to refinance our home loan to consolidate our auto loans into our mortgage . is this a bad idea

one reason why a large number of Americans are in debt is because they don't check their credit report&score monthly.

Home equity loan or refinance existing home loan?
My husband and I are looking into a home equity loan or refinancing our existing home loan. We own a doublewide on 4 1/2 acres that has been converted to real property. Which is better? A home equity loan, or refinance our existing loan? Where do we start? What should we know? And what we should be careful of?
If you have a great rate on the first then leave it. It also depends on the size of your HEloan. Ask your broker or bank to compare the two and see what's in your best interest. A HELOC is very easy depending on your credit. If the credit is good then you should expect a no closing cost loan at about 5% You can email with any other questions

Anybody know of a good bank to refinance home loan with not so good credit?
need to refinance home loan with not so good credit

Bank with lower rate of interest for home loan

Any banks/lender recommendations who good give lower rate for home loan ?

just wanted some good recommendations from people who had been through the home loan process recently and what they recommend


Which bank or financial company is offering the lowest interest rate on home loan in Mumbai, India ?

Pls mention the both floating & fixed interest rate also.

The housing loan rates of all banks are almost equal. the only difference coulld be 0.25 %

What's a "good" home loan interest rate?

I have great credit-- pushing 800. I'm a first time home buyer. What kind of interest rate should I expect to get? What kind of interest rate would a person get if they had less-than-stellar credit?

There are other factors involved in determining an interest rate besides credit score. However, based on a 30 year fixed rate with a score near 800 a good rate would be in the low to mid 6's right now. The near 800 score does not really do much more for you than if you had say, a 680 score in terms of mortgage lending. If you had less than stellar credit, this is much harder to determine a rate without knowing all of the details as this could range anywhere from say 7.5% up to 12+%.

Should I lock in rate for home loan?

I've been pre-approved for a home loan from my credit union. However, I'm still looking at houses and haven't made an offer yet on any of them. If I lock in the rate of 6.125 with my credit union, I'll have to cough up $500 for the application fee. Should I wait until I've found a house? Also, I want to shop around to try to get the best home loan rate so is it wise to lock in a rate when I'm not sure I even will use my credit union? Also the $500 is refundable if I end up closing the loan with the credit union. This rate is for a 7-Year ARM.

6.125% is an incredible rate if we are talking about a 30 year fixed rate. However, most locks are only 30 days in length so without a home- it probably wouldn't help you to be locked in at this point. I would guess that the 6.125% WAS the rate when you initially were pre qualified for the loan as I find it hard to believe they will still honor that rate. Finally, I would NEVER pay an application fee to anyone for anything. It is a complete junk fee to get them paid if you do not close the loan with them. No money is needed on a standard rate lock. Find your home, shop for the rate with 3-4 people (be sure to ask the Credit Union if that rate is still available as I'm guessing it is not), choose your lender and go from there. Don't compare closing costs as they are generally the same regardless of lender outside of application fees and/ or origination and broker fees.

Why is the home equity loan rate going up while mortgage rate is going down?
For at least the last couple days? is there chance home equity loan rate goes down?
The two are not the same and have nothing to do with each other. The prime rate has gone up many times lately so all loan rates will follow. When you borrow money to buy a home the bank is not the one that loans you the money. Companies bid for these mortgages and when they have a lot of money that needs to be earning something then the rate will go down. When the money is tight then the rate will go up. They will tell the bank they will buy so many millions of dollars worth of mortgages at a given rate. There are several so the rates may not be all the same. Depending on your history the bank and holding co. will decide what company will take the risk.

Using a Home Loan Equity Mortgage Calculator?

Doesn't really matter which number is first.. the most important numbers are your credit score, interest rate, equity, income/existing payments ratio. Other numbers you will need are current market values, balances of existing loans, length of loan, and amount of loan.

How come using Yahoo home loan calculators it seems like I am paying way too much for my current home loan?

Took out a loan 6 years ago for 90K at like 5.75%. I'm paying around $900/month on it over 30 yrs. The calculators on Yahoo though say I can get a 90K loan now at 6% and only pay $540/month over 30 yrs. What is going on? Did I just get taken to the cleaners somehow? Is there anything I can do?

Yahoo calculators is just P&I. Meaning principal and interest. Your payment that you pay is PITI (principal interest taxes and insurance). But still 900 a month on 90K doesn't make any sense. That is huge. That would make you paying close to 45% of your payment to things other then P&I. It should be around 20-25% at most. Are you sure your interest rate was fixed? I'm trying to figure out why your payment is so high even calculating it with PITI. Its way way way high. Its been 6 years so chances are you dont have Mortgage Insurance. So you only have Taxes and Hazard. It only makes sense if you 90K loan is on a house that is worth 300K or maybe your insurance is for flood or earthquake. I would check your payment and see what it includes. Their is no reason to give the money to your bank so they can pay your bills. You are way pass that. Kill your escrow account. You are just giving them interest free money for a year to pay your bills. You shouldnt have this. Then your payment might be more to your liking. Just remember then you pay your hazard and taxes when they are due. Good Luck.

Best customer service for home loan

I have 2 questions. (1) which bank in india provides the best customer service for home loan ? (2) could you please tell the home loan interest rate (fixed rate) of HDFC and ICICI bank ? And finally , let me know the the name of the bank which provides the best customer service after taking a loan. please tell me the fixed rate not the floating rate . However, very surprisingly , HDFC bank did not reply me on a query (sent by email) i asked to open a new savings account ......i doubt how much they will be aggressive to serve for post home loan. do they have any active 24x7 customer service ? how do you get response from them ? any do they cover any life insurance ? if i die in my loan payment tenure ...will my family suffer ?

I am not looking for the low interest rate . I am ready to pay more provided if i get the best service from them. I'll not go for public sector bank or organization , they are very poor in terms of service. I am looking at private sector banks who has the 24x7 customer service cell active.

HDFC home loans has the best service after you have taken the loan. The present floating rate is 9.25%.

What home loan tenure should i opt for?
HI, i have taken home loan of 17,37,000/- Rs. from HDFC bank, with initial tenure of 20 years. (i have paid only 1 emi till now, so it's fresh loan). Now i was just wondering whether tenure of 10 years or 20 years will be benifetial? i did some calculations in following way for the period of 20 years: if i go for tenure of 10 years: -------------------------------------------- emi = 24,921/- so i pay emi for first 10 years, and then i start investing full 24,921/- (in MF, eqquities, etc). so my returns after 20 years (from now) will be 49,80,000/- (compounding with investment of 24,921/- pm for 10 years with return 10% pa avg.) if i go for tenure of 20 years: -------------------------------------------- emi = 19,126/- so i will have 5874/- (i.e. 24921-19126) cash available in my hand pm.m for investment for 20 years so my returns after 20 years (from now) will be 42,19,000/- (compounding with investment of 5874/- pm for 20 years with return 10% pa avg.) so, in above way, i see that tenure of 10 years will be benificial for me. But still i am not considering income tax benefit, and also am i doing compounding calculations in correct manner? can anyone help me to analyze my calculations and point me to the correct decision?

The basic rule is to commit yourself to the lowest payment possible and then pay the most you can. Or that you will want to pay. If you get in to trouble, like losing a job, you would want the lowest payment possible to avoid defaulting. Borrowing against your home to invest is putting your home at risk, at market risk. I hope you have a good day job. The income tax benefit is a big part of the calculation so ignoring that is a fault and suggests you haven't thought it out all that well. You have to believe that you will make more money investing than the interest rates will cost you, including the tax benefit. Please note that right now in the US stocks are at a LOSS for the last 10 years. So you would be out the interest cost for the loan for 10 years if you did this 10 years ago here.

Does home loan rates differ between online quotes and real one?

Does the home loan interest rate vary between online quotes and the real ones ?
- I am planning to buy a home - i have put an offer on a house and almost 100% done deal Now I have to look out for a home loan. I am looking at several online interest rate quotes what lenders are giving based on my facts. Some of them are sending quotes for 4.78% 4.5% , now does these rates change when we actually sign there application or do they have to stick with the rates what they have quoted me online ?

John Paul, First, I hope you contacted a good, reputable loan office BEFORE putting an offer on a home. And I hope you are getting good professional guidance through the process. The home buying process can be a thorny one if not handled properly...and the same is true of the home loan process. There is no question that there are some great deals out there...and some great rates.

But you have to think of the online deals as "big tent" offerings ... while they may well apply to your particular circumstance ... they also very well may not. Every lender, online or off, has their pool of offerings ... some broader than others. Each has certain criteria that must be followed in securing that loan. And not every loan is available for every borrower. Are you self employed? Do you have a regular salary? Do you get hourly pay? How long have you been working for your current employer? What other fixed debts do you have? Do you pay child support or allimony? Do you have any positive or negative offsetting factors? What are your credit scores? These things, and many other factors, impact what type of loans you may qualify for ... and what types may not be available to you at all. I've never been a fan of "shopping rates" for the simple reason that they don't tell the whole story. I remember a buyer of one of my listings "got a great deal" from a particular lender (which he happened to find online). Problem was when he got to closing NOTHING in the loan package bore any resemblance to the loan he THOUGHT he was getting! He thought it was a fixed rate loan ... it was not. The rate he'd been quoted was not the rate he actually got. He'd never heard of "negative amortization", and his loan had it. He never gave any thought to a "prepayment penalty" ... his loan had that, too! With a lot of work we were able to get the prepayment penalty waived (this is a BIGGIE because the penalty was over $7,000 in the event he sold his home or refinanced within the FIRST 3 YEARS of the loan!) Even though the terms were horrible, he DID close on his purchase ... and went right out and immediately refinanced his new home! My point is that WHAT YOU DON'T KNOW can cost you big time.

This is not something to "wing it" with. Talk to friends & coworkers & family who've dealt with reliable lenders in the past and ask for recommendations. Most certainly if you are working with a real estate agent, ask them for recommendations as well. We deal with lenders all the time and if the agent is experienced, they have an assortment of lenders they know are professional, reliable, ethical people ... and they also know who to avoid!!!! Talk to a few recommended lenders ... have them prequalify / preapprove you, making recommendations on programs they think your financial profile best fits. As long as the rates they offer are "in line" with with the market in general, I wouldn't worry about getting the best "deal". When you're looking at just raw numbers, you don't know what is being "cut" to get to that number. Quite often it's reliability and/or service. By the way, my preference is to ALWAYS deal with a lender who will shephard you through the process from application to closing on your purchase. As the process moves along, you want to have a real live person you can call to answer questions, follow up to be sure all the proper steps are being taken, and to hold accountable if/when they're not. Good luck! I know this is an exciting time and I hope all goes well for you!

Like to apply for a home loan in India

I live out side India, would like to apply for home loan in India? is that possible from HDFC or from SBI?

I dont have NRI account yet , what will be the paper requirement?

yes, u can take a loan from a bank in India for housing . But for that u have to have an account (NRI ) and your personal presence is required. Secondly You would need details of the property u wish to purchase and letter of agreement to sell from the seller.And u have to prove that u are capable to pay off the loan and you also have to have a guarantor in India. This is roughly all the docs. required. Further details will be given by the bank to whom u are going to apply for a loan

Original Documentation to be submitted for a home loan?

I have bought an apartment in a complex under construction in Ghaziabad, with possession expected in Jul-2011. I had opted for the Down Payment option and had paid the booking amount as well. I am also opting for the home loan from HDFC, again through the builder alliances. Apart from all other documents, the bank has asked me to submit all the original copies given by the builder. This includes: - Allotment letter. I have signed 2 copies - one goes to the builder and the other to the bank. I do not retain any copy with myself - Receipt of the booking amount - GPA in favour of my father I am not sure if this is the right thing, and if this is a normal practice. I have retained photo-copies of all the documents, but nothing in original. Can somebody guide me please.

Yes, You have to submit all the original documents. They will return your file after repayment of loan.

Best bank for home loan in India: HDFC, ICICI or Axis Bank

I require your suggestion which private banks shall i choose. ICICI or HDFC or AXIS for housing loan of 25 lakhs in india. I am applying for housing loan of Rs 25 lakhs. But i feel it is very difficult to get loan from SBI or Canara bank. Since there are lot of formalities in this public sector banks like guarantor etc. And also they are not ready to pay more than Rs 20 lakh for me. But Private banks like ICICI, HDFC, AXIS bank are ready to sanction Rs 25 lakhs housing loan for me. I have seen a good flat which costs around 30 lakh in Bangalore. So I require your suggestion which private banks shall i choose. ICICI or HDFC or AXIS. How is this banks process when PLR is increased or decresed. How frequently this banks increases Floating rate of interest. Thanks,
HDFC is best option in your three choices. Don't opt ICICI bank as you are not guaranteed to get back your original sale deed after full repayment of loan. A person in Chennai has filed case against ICICI bank in consumer court for the return of original sale deed.

Insurance cover for Home Loan - Suggestion need?

I'm looking Insurance cover for my Home Loan with HDFC bank. I took this loan two year ago and don't have Insurance cover yet. I aware that HDFC does provides Insurance cover for home loan products but I want to buy suitable and relatively cheaper Insurance cover. Please suggest me, Institutions offering home loan insurance cover in India with their contact details. I have Rs. 1700000 still left over as outstanding and I want to cover this full amount for insurance cover.

In fact there is nothing like insurance cover for home loan. The basic objective to cover home loan is to make a financial provision so that the liability arising out of default due to death is compensated out of the sum assured on the life of the person on whose name loan has been taken.In your case desired sum assured will be 17 lacs. If you are young say 30-35 years of age, you can get pure term insurance matching the term of the loan,premium for which will be around 5500-6000 per annum.All insurers offer this type of plans.You should be young and a healthy person in order to get this large sum assured. Pl do consult a reputed advisor of any life insurance company.

Want education loan

I want an education loan but don't have 60% in graduation am i eligible for it....pls help me?
i want an education loan for mba but sbi is saying i don't fulfill the criteria of 1st divisn throughout graduation as i have only 57.5% ... my father has taken a home loan from sbi personal banking.. for over three years and has made all the installments in time.. is it of any help...

its difficult to get from nationalized bank try icici or cooperative banks

I want an education loan but don't have 60% in graduation am i eligible for it....pls help me?
i want an education loan for mba but sbi is saying i don't fulfill the criteria of 1st division throughout graduation as i have only 57.5% ... my father has taken a home loan from sbi personal banking.. for over three years and has made all the installments in time.. is it of any help...

Whatever you do, avoid them guaranteed government loans, like from Sallie Mae. The only way out of those it to transfer the entire amount to credit cards with lower interest rates. I've been paying over $200 a month on a $15,000 loan from Sallie Mae for about 3 years now and my balance currently is about $17,000. Yup, the debt actually grew. I wish I could get $17,000 worth of credit cards.

Best bank for home loan in India

Which bank is best for the home loan in india?
I want to go for hdfc home loan, I want to know whether you suggest me t
hdfc bank

I want to take a home renovation loan from HDFC. Is HDFC giving such loans now?
What is the interest rate on such loans and for what tenure are they available?
Yes. HDFC is giving such type of loans. You can contact their customer care for more details. http://hdfc.com/applications/homeline.asp

Can HDFC bank be sued for not decreasing the floating home loan interest rate for its existing customers,when ?

Can HDFC bank be sued for not decreasing the floating home loan interest rate for its existing customers,when it is giving loan to its new customer at rate which is less than 2% of what existing customer are paying ?? or is there anything that can be done to make HDFC lower your interest rate?

What is the address of HDFC Singapore for availing a home loan?

The HDFC Home Loans office in Singapore is at the following address:- 20 Raffles Place #10-01A Ocean Towers Singapore - 048620 Tel: (65)65367000 Email: nrisingapore@hdfc.com

Home loan of 15 lacs for 20 years

I am a salaried person of 36 years age with 3.5 pa income. I want to take a home loan of Rs 15 lacs for a period of 20years. At present market rates are hovering between 10.75% (SBI) to 11.25% (HDFC, UTI Bank etc) on an avg. However Citibank website says 9%. Now my questions are: 1. Which bank should I deal with and which not 2. Is loan possible with interest rates 2% less than market avg, 3. What sort of a home loan should I take with the fact that we expect the interest rates to go down in future.

Go to LIC HFL or HDFC. they will scrutinize the legal papers at a processing fee of 0.5% of the loan amount. once they give legal clearance you can enter in to agreement. But you have to get the xerox copies of title papers for this. Alternatively you can approach the bank which has already sanctioned housing loan for this project.

I am buying a flat of Merlin group and booked the property by paying Rs100000.Its a ready flat.Now the bank(SBI) is saying to go ahead with the agreement,then only they can process the home loan but according to Merlin laws,if we cancel the booking after agreement,i have to pay 10% of the property value.My query is by chance if my loan doesn't get sanctioned and i am into the agreement before that as SBI asking me to do,I will be in complete loss.Its huge amount.What do you suggest??

Home loan tax rebate I can get?

Hi, I purchased flat near to my office and both are in same city (NCR). But I'm living with parents in another City (Delhi) and claiming HRA. I cann't claim 1.5L interest benefit as my flat and office in same location. Taken Home Loan and I'm paying 2.5L Principal and 4L Interest. What tax benefit I can get and how? Suggestion and guidance are welcome.

You own a flat near your office in one city. And you stay in a rented flat in another city. Very intelligent of you!!!! You can claim interest payment benefit u/s 24(b). You can claim principal repayment benefit u/s 80C. You can claim HRA u/s 10 if you fulfill these three conditions: - You have an HRA allowance as part of your salary package. - You are staying in a rented accommodation and paying rent for it. - The rent exceeds 10% of your salary.

Need your opinion about ICICI Home loan in India?

Hi, Please tell me your prompt opinion about taking ICICI home loan in india. What are its pros and cons.? Because some people tell to go with ICICI home loan but some tell not to go. So i got confused.

you see the choice is always yours. only some opinions and suggestions can come from answerer.

Question on home loan tax benefits?

I want to buy a flat which is under construction. I stay in rented accommodation. Can I get tax benefit from interest of home loan as well as rent I pay?

You said that it is under construction. You can claim only after you become the owner of the property i.e after obtaining completion certificate and registration of property in your name. The interest paid during the construction period can be claimed as deduction in the next 5 years in equal installments after you become the owner.

Suggestions about Home loan in India?

I am planning to take house loan for buying house in India. Any advice which bank (ICICI/SBI any other) offers better rates and terms? What type of interest rate fixed, floating mixed I should choose?

The original Home Alone was pretty good. The 2nd was okay as well, but Home A-loan in India...? Stop scraping the bottom of the barrel mate and get an idea of your own.

Best Indian Bank to approach for Home Loan?
Planning for Home loan below 20 Lakhs. Which bank to approach? Nationalized banks like SBI, PNB, BOB, IOB etc Pvt Banks like ICICI, IDBI, HDFC or some other firms like LIC Housing Loans.. Let me know the positive points for your answers and also rate above banks on ease of getting a loan sanctioned

All nationalized banks are good. in private bank HDFC is good. LIC HFL is also good donot opt ICICI as you may not get back the original document mortgaged with them even after you closing full loan amount. and they will least bother to reply you also. there is a case pending in Madras Consumer court in this regard filed by an affected borrower.

I am planning for a home loan for 20 yr, which bank is better option?
among ICICI, SBI and HDFC which bank give better floating and fix interest rates?
No bank in India is better than SBI.

Explain about home loans offered by SBI?

Which bank is best for Home Loan ?
I want to take the Home Loan, (Pune). Please help me to choose the best bank, which will give me good service & low interest rate . 1) LIC Home Finance 2) SBI 3) HDFC 4) AXIS 5) Any other Please let me know

without no doubt :HDFC"

Home loan services in Bangalore?

I am looking to buy a plot in Bangalore. Does any bank offer home loan (not personal loans) for the plots?

I want to buy a plot and get the house constructed. I approached some banks for this and they are ready to give me personal loans, but i am looking to get home loan as i would work our much cheaper and i can also avail the tax benefits. Please let me know if any bank have any such product to offer.

LIC HFL is giving 40% of your eligibility for purchase of plot with a condition for you to build home in 2 years.

Can I take home loan from US for a home in India?
I stay in US and am planning to own a house in India. Is there a way that I could take a home loan from US bank and own a house in India? Any help / suggestions would be great

Will I be able to get the home loan from gov bank for reconstruction of house?

I am an Indian. I live in Bhopal, outskirts of Ahmadabad, India. The house is in father's and mother's joint name.My parents are alive & are dependent on me as I am the earning member in house. I am the only son & my sister is married. I want to reconstruct my house by taking home loan. Do I need to pay stamp duty on document to get the home loan from gov bank? What shall I do so that I can get Home Loan from Gov. bank?

yes certainly you can get home loan for reconstruction. Since your parents are the present owners, you have to get the property transferred to your name for availing home loan. It is simple documentation only. They will have to settle it to you by a deed of settlement. The maximum cost for such transfer here in Tamil Nadu is restricted to Rs.12,000/- You will have to check it up in your region. By this you get the title in your favor. Now you can obtain the proposed construction sanction plan from local municipality and approach any nationalized bank. It will be approved subject to your eligibility.

Which is best bank offering NRI India Home Loan?

Hi all, I want to take NRI Home Loan in India..Is any one have taken SBI home Loan..Can u tell me the advantages & disadvantages in that..ICICI Bank also offers home loan..I'm in a need to Open NRI Rupee saving account account also. Can U plz suggest which one is best. Thank you in advance

ICICI Bank Bahrain is the right place to go

My father is having home loan from the SBI,can i have the education loan from the same bank?

I guess Yes .. You can.. I think one of my friends has taken an education loan while his father had taken home loan from the same bank..

Benefits from Home loan in the whole lifetime

How many times a person can avail benefits from Home loan in the whole lifetime?
I wanted to know how many times a person can avail benefits from Home loan in the whole lifetime. And how many home loans at a given point of time.

No rest ructions for life time and at a given point of time. Tax benefits will be same per individual even on one home loan or multiple home loans. 80C limited to 1 lake Interest will be 1.5 lakhs if self occupied and no restriction if the house / houses are given on rent.

How to escalate a fraud done by ICICI home loan?

Need name and number of the person to escalate a fraud done by ICICI home loan. now nobody in the bank is responding including customer care , relationship officer , service quality team . I have tried all the way to escalate it as mentioned on icici bank site . I am strugling with them since last two month.

Here is the hierarchy for complaining in ICICI bank 1. complaint to customer care (i suggest go by email to keep record) 2. Mr. A. Kamani, Head, Customer Service. 3. Mr. H. Mehta, Nodal Officer. 4. Mr. B. Madhivanan, Senior General Manager, Service Quality. 5. Reserve Bank of India check the attached link.