Saturday, November 5, 2011

Home Loan in Pune http://www.myloandetails.com/home_loans_in_pune.html

Sunday, October 30, 2011

Unique page for Home loans in Chennai http://www.myloandetails.com/home_loans_in_chennai.html

Tuesday, September 20, 2011

Home Loan Interest Rates


Selecting best and least applicable home loan interest rate is most important before going for loan as it is the factor which will be changing according to the market fluctuations and as per the RBI guidelines. The process is very simple and easy in deciding which is the best with a simple home loan interest rate comparison.          


Allahabad Bank
Base Rate 10.75%,Upto 20 lacs 12.00%, Above 20 lacs - 50 lacs 12.75%, Above 50 lacs 13.25%.             
                            
                            
Andhra Bank
Base Rate 10.75%, Upto 20 Lacs 11.75%, Above 20 lacs 12.50%                  
                            
Axis   
Base Rate 10.00%, Upto 25 Lacs 10.75%, Above 25 lacs - 75 lacs 11.00%, Above 75 lacs 11.25%.            
                            
                            
Bank of Baroda       
Base Rate 10.75%, Upto 30 Lacs 11.75%, Above 30 lacs - 75 lacs 12.50%, Above 75 Lacs 12.75%.           
                            
                            
Bank of India           
Base Rate 10.75%,Upto 25 lacs 11.00%, Above 25 lacs - 75 Lacs 12.00%, Above 75 Lacs 12.25%, Above 75 Lacs 12.50%           
                            
                            
Canara Bank
Base Rate 10.75%, Upto 30 Lacs 11.75%, Above 30 Lacs - 75 lacs 12.50%, Above 75 lacs - 3 Cr 13.50%, Above 3 Cr 14.75%.          
                            
                            
Central Bank of India        
Upto 30 Lacs 12.00%, Above 30 Lacs 12.50%.              

Citi Bank       
Base Rate 9.75%, Upto 75 Lacs 10.25%.            

Dena Bank   
Base Rate 10.70%, Upto 25 Lacs 11.65%, Above 25 lacs - 1 Cr 12.25%, Above 1 Cr - 2 Crs 12.50%, Above 2 Crs 12.75%.           
                            
                            
DHFL  
10.25% - 12.25%              

First Blue Home Finance (Deutsche Postbank)           
Salaried/Self employed professionals 10.25% Upto 25 Lacs,Self Employed Non professional 10.75% upto 25 lacs.            
                            
                            
HDFC Bank   
Base Rate 9.50%, 10.75% up to 30 lacs, Above 30 - 75 lacs 11.00%, Above 75 lacs 11.50%.          
                            
                            
ICICI 
Base Rate 9.50%,Upto 30 Lacs 10.25%- 10.75%, Above 30 Lacs 10.75%.                
                            
IDBI Bank    
Base Rate 10.75%,Upto 25 lacs 11.00%, Above 25 - 30 lacs 11.50% - 11.75%, Above 30 - 75 lacs 11.75%, Above 75 lacs 12.25%                 
                            
                            
ING Vysya    
Upto 30 lacs 10.75%, Above 30 below 75 lacs 11.00%, Above 75 lacs 11.50%           
                            
India Bulls    
Upto 35 lacs 10.75%, Above 35 lacs - 100 lacs 11.00%, Above 1 Cr 11.50%.            
                            
Indian Bank 
Base Rate 10.75%, Upto 20 Lacs 12.00%, Above 20 - 30 Lacs 12.25%, Above 30 Lacs - 2 Cr 12.75%, Above 2 Cr 15.75%.             
                            
                            
Indian Overseas     
Base Rate 10.75%, Upto 30 Lacs 11.25%, Above 30 lacs 11.50%.                 
                            
Karnataka Bank      
Base Rate 11.00%,Upto 25 Lacs 11.25%, Above 25 lacs - 50 lacs 11.75%,Above 50 Lacs - 1 Cr 12.75%.              
                            
                            
Karur Vysya
Upto 20 Lacs 12.50%, Above 20 Lacs - 30 Lacs 13.50%, Aove 30 Lacs 14.25%.                  
                            
Kotak Mahindra      
Base Rate 9.75%, Salaried 11.25%, Self Employed 11.50%.               
                            
LICHFL          
Below 30 Lacs 10.50 %, Above 30 - 75 Lacs 10.75%, Above 75 Lacs 11.00%.           
                            
Oriental Bank of Commerce         
Base Rate 10.75%, Upto 30 lacs 11.50%, Above 30 - 75 lacs 12.25%, Above 75 lacs - 3 Cr 12.50%.          
                            
                            
Punjab National Bank        
Base Rate 10.75%, Upto 30 Lacs 11.75%, Above 30 Lacs - 75 lacs 12.50%,Above 75 Lacs 12.75%.           
                            
                            
State Bank of India
Base Rate 10.00%, Upto 30 Lacs 10.75%,Above 30 lacs - 75 lacs 11.00%,Above 75 Lacs 11.25%.             

                            
                            
State Bank of Hyderabad 
Upto 30 lacs 11.25%, Above 30 Lacs 12%.          

Syndicate Bank       
Base Rate 10.75%,Upto 25 Lacs 11.00%, Above 25 Lacs - 75 lacs 12.50%, Above 75 lacs 12.75%.            
                            
                            
UCO Bank     
Base Rate 10.75%, Upto 20 Lacs 11.75% - 12.25%, Above 20 - 30 Lacs 12.00% - 12.50%, Above 30 - 50 Lacs 12.75% - 13.25%, Above 50 Lacs 12.75% - 13.25%.               
                            
                            
                            
Union Bank of India           
Base Rate 10.25%, Upto 30 lacs 11.25%, Above 30 - 50 lacs 12.00%, Above 50 lacs - 2 Cr 12.00%, Above 2 Cr 12.25%.                 

Tuesday, August 30, 2011

Home Loan Insurance a Boon or Bane?

A corporate employee who has taken a home loan of Rs. 50,00,000 by making his wife as co-applicant has not opted for home loan insurance in the view that he got enough coverage with different other banks and there is no need of any home loan linked insurance, but in a shocking incident after he passed away the other bank has rejected his claim with a reason of “ Non disclosure of medical facts” and the co-applicant has been made liable to make the loan payments who is a house wife.

What is Home Loan Insurance? 

A home loan insurance is a product that banks have introduced to make the co-applicants who sign the documents along with applicants free from home loan liability if any risk occurs to the applicants. It has two categories 

a)   Home Loan Linked Life Insurance: It is the product in which banks insures the life of applicant for the loan amount and for the entire tenure. Banks will provide with the option of making insurance payment on behalf of the customer to the Insurance company and the same will be added to the Home Loan amount which can be paid in easy EMI’s. The premium is a one time premium and the coverage will be given for the entire tenure to the complete loan amount.

If any risks occurs to the applicant in the repayment period then the remaining outstanding amount will be paid by the Insurance company to the Banker and the loan will be pre-closed and the original documents will be handed over to the co-applicant making him/her free from liability.

Do‘s:
·         Please fill the Insurance application form with your own hands
·         Please provide complete details which the insurance company request for.
·         Provide complete details about your habits which might need some medical attention which in turn make the premium goes up but have coverage.
·         Provide documents of the Nominee to the Insurance company
·         Signature proof of nominee is also be provided.
·         Have a photocopy of filled in insurance application form for future records
·         Get a brochure of the details of Insurance that you opted for.
Don’t’s:
·         Don’t try to mis-guide by filling wrong information.
·         Don’t sign blank insurance application form.
·         Don’t be in a month-end closure hurry before taking insurance have enough time for it
·         Don’t sign the documents with-out complete details of Insurance policy

b)   General Insurance: Banks do provide with an insurance product in which it will cover the property from natural calamities and fire accidents etc for which the bank will charge very less amount and which in turn will be funded by the bank and the amount is added back to home loan amount.

It is always suggested to the customers to make a choice of Home Loan Linked Life Insurance for the complete loan amount and for complete tenure as the policy demands for one time premium with complete tenure coverage and which has a great benefit of paying the premium in a very small EMI’s which is covered in the Home Loan EMI. So the Home Loan Linked insurance is definitely a Boon to customers who think of making co-applicants liability free by making this onetime payment.