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.
Thursday, October 29, 2009
Wednesday, October 21, 2009
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.
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.
Thursday, October 15, 2009
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
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
Monday, October 12, 2009
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??
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.
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.
Wednesday, October 7, 2009
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"
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.
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.
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