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| TEASER HOME LOAN |
This scheme was initially launched by State Bank of India during the recession period (2008-09) just to support the prospective borrowers; since at 8% rate of interest, the borrower’s eligibi... Read More |
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| EMI- THE MYTH |
As we are all aware that the interest rate on Home loan has gone up from 7.25% in late 2004 to 11.50% in 2008/09 signifying an increase of around 60%.
In absolute terms the EMI has gone up ... Read More |
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| BASE RATE |
Base rate is the floor rate below which a bank cannot lend. After July 01, 2010 as per the RBIs guidelines, all categories of loans have to be linked to base rate... Read More |
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| RAISING HOME LOAN INTEREST RATES AND ITS IMPACT |
Recently, one of my clients who availed Home Loan around 6 years back called up and informed that out of his loan of Rs.12 lakhs, only Rs.2 lakhs got reduced towards pr... Read More |
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| FIXED RATE OR FLOATING RATE HOME LOAN |
Whenever home loan interest rates go up, borrowers tend to check whether Fixed Rate Home Loan is better to opt or Floating Rate.In fact, some Banks/Home Finance Companies... Read More |
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| HOME LOAN PRE-PAYMENT |
Banks normally charge pre-payment penalty in case you decide to shift your Home Loan from one bank to another Bank. These conditions are mentioned in the approval letter... Read More |
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| WHAT TO DO AFTER PRE-CLOSURE OF HOME LOAN |
Once you pre-close your home loan, you should not forget to collect back the original property documents pledged with Bank, while availing Home Loan. Further, you need t... Read More |
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