Monday 17 October 2011
LIST OF LATEST HOME LOAN INTEREST RATES IN INDIA
It is definitely one of the major things that you can board on in your lifetime. The bad news is: however is that not everyone in this globe is like you, loaded enough (financially, of course) to be able to build a house as soon as he wants to.
Whether you are Non Resident Indian or Resident of India, and you are thinking to start your journey of buying a new house, looking to move to a new house, investing in property or are looking forward to refinance, Consider answering these questions to yourself:
*Which type of home loan should I prefer?
*Will it be the best scheme that will be fitting my budget?
*Can any insurance plan cover for an unpaid monthly due?
* Is there a fine or penalty or even some reward as well if the whole amount of loan is paid ahead of the due date?
These are just a dash of the questions to be answered when considering taking the plunge…into the loan journey. The different home loan types are hereby presented to you to make your journey that more smoother or step by step, safer and comfortable. Yet, Got a fix on fixed rate or variable rates, offset accounts, lines of credit or bridging loans!!
And we have covered the basics of your journey here. Going back to you future house owner, have you got the answers to your questions? Start answering them now and take the plunge!
With so many real estates sites coming up in Indian market, finding an ideal house isn't that big a issue nowadays, when you can virtually see all across the home you need to purchase by the various real estate simulation programs and videos available, but you still need to purchase it, right? - To really say "own" it. A home loan, also popularly identified as a mortgage, is an easier financial option to own a house. Once you've decided to endeavor on a home loan, there are so many things that you need to be informed with. Not only is it going to be an emotional experience, it is also going to be a very informative monetary journey, as you will be dealing with the whole caboodle of the mortgage process along the way.
Whether you are Non Resident Indian or Resident of India, and you are thinking to start your journey of buying a new house, looking to move to a new house, investing in property or are looking forward to refinance, Consider answering these questions to yourself:
*Which type of home loan should I prefer?
*Will it be the best scheme that will be fitting my budget?
*Can any insurance plan cover for an unpaid monthly due?
* Is there a fine or penalty or even some reward as well if the whole amount of loan is paid ahead of the due date?
These are just a dash of the questions to be answered when considering taking the plunge…into the loan journey. The different home loan types are hereby presented to you to make your journey that more smoother or step by step, safer and comfortable. Yet, Got a fix on fixed rate or variable rates, offset accounts, lines of credit or bridging loans!!
And we have covered the basics of your journey here. Going back to you future house owner, have you got the answers to your questions? Start answering them now and take the plunge!
With so many real estates sites coming up in Indian market, finding an ideal house isn't that big a issue nowadays, when you can virtually see all across the home you need to purchase by the various real estate simulation programs and videos available, but you still need to purchase it, right? - To really say "own" it. A home loan, also popularly identified as a mortgage, is an easier financial option to own a house. Once you've decided to endeavor on a home loan, there are so many things that you need to be informed with. Not only is it going to be an emotional experience, it is also going to be a very informative monetary journey, as you will be dealing with the whole caboodle of the mortgage process along the way.
LIST OF LATEST HOME LOAN INTEREST RATES IN INDIA
| Bank Name | Fixed Rate p.a. | Floating Rate p.a. | ||
| 10 yr | 15 yr | 10 yr | 15 yr | |
| Axis Bank Ltd. | 14.00 % | 14.00 % | 10.75 % | 10.75 % |
| Bob Housing Finance Ltd. | - | - | 11.50 % | 11.50 % |
| CanFin Homes Ltd. | 15.50 % | 15.50 % | 10.75 % | 10.75 % |
| CitiBank (India) Ltd. | - | - | 10.75 % | 10.75 % |
| Corporation Bank Ltd. | 14.00 % | 14.00 % | 11.50 % | 11.50 % |
| Dewan Housing Finance Ltd. | - | - | 11.25 % | 11.25 % |
| GIC Housing Finance Ltd. | 15.00 % | 15.00 % | 10.50 % | 10.50 % |
| HDFC Ltd. | 15.00 % | 15.00 % | 10.75 % | 10.75 % |
| HSBC (India) Ltd. | 14.00 % | 14.00 % | 11.00 % | 11.00 % |
| ICICI Bank Ltd. | 14.75 % | 14.75 % | 10.75 % | 10.75 % |
| IDBI Bank Ltd. | - | - | 11.00 % | 11.00 % |
| IDBI Home Finance Ltd. | - | - | 10.25 % | 10.25 % |
| Indiabulls Financial Services Ltd | 14.00 % | 14.00 % | 10.75 % | 10.75 % |
| IndusInd Bank Ltd. | - | - | 11.00 % | 11.00 % |
| Kotak Mahindra Bank Ltd. | - | - | 11.50 % | 11.50 % |
| LIC HOUSING | - | - | 10.65 % | 10.65 % |
| PNB Housing Finance Ltd. | - | - | 11.50 % | 11.75 % |
| Standard Chartered Bank (India) Ltd. | 14.00 % | 14.00 % | 10.75 % | 10.75 % |
| State Bank of India (SBI) | - | - | 10.50 % | 10.50 % |
