Home Loan: Overview
Want a beautiful cottage with a garden but waiting for property prices to drop? Our home loan comparator let's you compare before you select one. So what are you waiting for? Jump off the cliff, and land onto those few square feet to be called home.
Apnapaisa head honcho Harsh Roongta talks of the truth behind the various home loan schemes offered by public-sector banks. And a bonus - he offers you a peek into the future of real estate and the home loan market in the year 2009.
The 8% SBI home loan scheme is definitely attractive, but not the cheapest. Here's why.
Canara Bank's new home loan scheme marks a new high in the home loan battleground.
Home Loan: Prepayment
This tool is designed to calculate whether it makes sense to prepay your home loan and the impact of prepayment on your loan.
A simple calculator that allows you to enter your present loan numbers to give you a straight Yes/No answer to the question "Should I switch my loan?"
Get the answer to your dilemma, should you pay a higher home loan EMI or increase the tenure if you can't avail of a lower interest rate.Best Interest Rates
| Product | Rate | ||
| Home Loan Fixed Rate (20 Years) | 9.25% - 14% | ||
| Home Loan Fixed Rate (20 Years) | 9.25% - 14% | ||
| Personal loan (5 years): | 12% - 35% | ||
| Small Ticket Personal loan: | 29% - 45% | ||
Home Loan: Eligibility Criteria
Check our home loan eligibility calculator.
NRI\'s can get home loan and tax deduction benefit, but additional documents are required. ......
Several factors besides your income will have an impact on the home loan amount you are eligible for. ......
Review
As part of its Annual Policy Statement for the financial year 2009-10, the Reserve Bank of India (RBI) cut repo and reverse repo rates by 25 basis points (0.25%) each. The repo is the rate at which the RBI lends to banks while the reverse repo is the opposite. Post the cut, the repo rate now stands at 4.75% while the reverse repo rate stands at 3.25%. The cash reserve ratio (CRR) remains unchanged.
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