Tag: HDFC

Sbi Extends Teaser Loan Scheme Extends Upto Dec

June 9, 2020 Off

State Bank of India said it will extend its 8 % concessional home loan scheme, popularly called teaser rates, by another 3 months till December. “We will extend it(concessional home loan scheme) till December,” SBI Chairman O P Bhatt told reporters on the sidelines of an event to launch Para Military Salary Package here. The popular home loan and car loan scheme by SBI was due to expire on September 30. Bhatt’s comments came close on the heels of HDFC relaunching its teaser rates and its chairman Deepak Parekh’s announcement that the schemes were going to stay permanently. For the first year, SBI home loan is offered at 8 % interest rate and at 9 % for the second and the third year. From the fourth year onwards, home loans up to Rs 50 lakh attract 9.25 % interest while higher loans carry 9.75 % interest rate. At present, the scheme carries 10 % interest rate from the fourth year onwards. SBI Car loan is also available at 10 % concessional rate. SBI had last extended the special scheme till September 30 from June 30, 2010, owing to a huge demand from its customers. The scheme was originally supposed to end by April 30, 2010. Meanwhile, SBI launched specially designed products and services for the Central Para Military Forces Central Reserve Police Force (CRPF), Sashastra Seema Bal (SSB), Border Security Force (BSF), National Security Guards (NSG), Indo Tibetan Border Police (ITBP) and the Central Industrial Security Force (CISF). A number of concessions in interest rates on loans and waivers in service charges are extended to account holders, he said. Other features, which form the Para Military Salary Package include waiver of service charges for non-maintenance of minimum balances in salary accounts, free drafts, free cheque books, free remittances within the bank and other benefits, he said. Last year, SBI had designed special packages for the Armed Forces–Defence Salary Packages for the Army, Navy and Air Force–through which the bank garnered about 13,00,000 accounts

By admin

Tips For Getting Hdfc Home Loan

May 24, 2020 Off

HDFC has more than 3 decades of experience in offering Home Loans to its customers. HDFC Bank home loan designed their product to cater people coming from diverse status including the lower, middle and upper class. Home loan from this bank is the most appreciated product. The lender strives to help you to realize your owned home.

HDFC bank has planned their home loan with some unmatched features which make them the buyers first choice for home loan. Some of them are:

Widest range of approved projects
Attractive Home Loan Interest Rate
Wide range of Home Loan Products
Doorstep service
Assure hassle-free processing
Property Counseling
Simple documentation
Loan from any office for purchase of home anywhere in India
Loan approval before property selection
Flexible repayment options
Secured document storage

The bank has a team of committed experts to proffer proposed borrowers with the best deal. HDFC home loan caters Salaried, Self-employed businessman & self employed professionals. The bank funds on both residential and commercial properties.

The bank performs an in house process for legal and technical verification of the property. The processing and administrative fees cover all these expenses. After the relevant verifications the financer funds up to 80% maximum of the cost of the property (Agreement value + Stamp duty + Registration charges) based on the repayment capacity of the customer. HDFC funds for purchase of fresh property (directly from builder) / resale or for construction of houses.

The bank has its own set of parameters to appraise a customer. An existing HDFC Home Loan customer can avail other loans (like Personal Loans, Car Loans etc) at lower interest rates.

The bank has planned a Flexible repayment proposal which gives the customer preferences like Step up Repayment Facility, Flexible Loan installments Plan, Tranche Based EMI, and Accelerated Repayment Scheme. The borrower may choose any scheme for paying his EMI; either he go for PDCs (Post Dated Cheques), ECS (Electronic Clearing Services) or Automated Repayment of Home loan EMI (through standing instruction).

The bank realizes your sentiment and hence offers good security of property documents for your complete peace of mind. HDFC Standard Life Insurance Company Ltd. offers an insurance plan; with home loan which is designed purposely to shield borrowers family from unforeseen mishaps like demise of applicant to ensure that it does not affect family’s interests and their valued home.

By admin

Comparing Hdfc Home Loan Interest Rates Online

April 21, 2020 Off

Knowing about the finest home loans

Want to buy your dream house? Check out HDFC home loan interest rates and apply for a suitable loan. Despite the recent inflation and rise in prices of residential properties, houses, flats and condos, the need to buy the dream house has not faded away. People even buy a second house as an investment. Whether for your brand new house or a second home, depending on home loans would be the best bet. Every now and then, banks advertise details of available home loans on their websites or through newspapers and magazines. Potential applicants can study the features and details of all new house loans at online portals for an easy comparison.

Home loan details to consider

Before you apply for a home loan you need to consider following details:
Understand the mortgage rates: Find out where the mortgage rates were in earlier years and where have they reached in current market. As the current rates of interest of home loans vary from year to year, people apply for the loans that carry lowest possible rates.
Find out rates of interest as per the loan type: Find out what all types of home loans are offered by the banks and other financial institutions. Accordingly you can compare different interest rates and decide to apply for the most suitable loan. The trend charts let you better understand different interest rates as per the type of home loan.
Compare the trend timelines: Find out information on interest rates as per different loan periods. People apply for a home loan with a term of three months, one year, three years or more. Check out the interest rates as per the loan period.

Over the past few years, HDFC has been offering unique home loans for people to help buy their dream properties. Here are some of the home loan interest rates as offered by the bank:
Up to Rs.30 lakhs- fixed rates from 10.75% to 11.25%
Rs.30 lakhs to Rs.75 lakhs- fixed rate from 11.25% to 11.50%
Above Rs.75 lakhs- fixed rate from 11.75%

Comparing different HDFC home loan interest rates online is further simplified by the bank. Use online calculators to avail accurate rates of interest and loan period. It is simple to find out interest rate for a fixed term loan and flexible term loan through the calculators. Online comparison not only gives you a chance to save time, efforts and money but also offers luxury to use quality comparison tools. As the use of internet is fast rising, banks are taking efforts to share the details of latest home loans on their websites. No matter what type of home loan you want to avail, doing a background check on the bank, current rates of interest, loan period and repayment options would be a smart decision. Be familiar with the interest rate options that you have and then apply for a loan that suits your needs.

By admin

The Step By Step Plan To Quick Car Loan

October 30, 2019 Off

Getting a car loan is an extremely easy process nowadays. There are plenty of banks and finance companies that are willing to give you a loan up to 2.5 to 4 times of your net annual income. There is no ceiling on the loan amount for new cars. So, here is how the step-by-step process for the car loans.

Step 1: Become eligible for the car loan.

To find the lowestcar loan interest rate, you need the dedicated research. With a few certain facts to keep in mind, there is a guarantee that your application for a car loan will be accepted in no time. To get loan ready, you need to meet the eligibility criteria of the most banks and finance companies.
The age of the borrower is between 21-65 years.
The borrower should have a job for at least 2 years. You should be able to hold a job atleast for a year with your current employer.
You should have a telephone, mobile or smart phone to be able to reach you.
You must earn minimum an income of Rs. 1, 80,000 P.A., which can include your and your co-applicants the income.
There are few banks that levy higher criteria for the car loan approval. You may need higher salary standards, better credit score, etc. But, if you apply with smart banking solutions like HDFC, above criteria can be sufficient.

Step 2: Gather down payment & finalize lender.

Since, car loan application and approval is easy, you need the down payment handy. So, how much down payment you need. It may seem that 15 to 20% is enough. But some organizations do offer loan for 100% of the amount too. So, look into that. It will help you finalize the lender.

Step3: Fine-tune the details.

The maximum repayment tenure is fixed to 7 years for the most banks. You will need to consider processing fee, service charges and taxes before you finalize the lender, EMI and tenure. Most lenders will have user friendly car loan EMI calculator on their websites. They are designed to help you compare the best interest rates, EMI, affordability of the car models you are considering and much more. Using a car loan EMI calculator, you can calculate the rate you can afford when you select the lender and EMI.

So make sure and do your homework on the various car loan interest rates using the car loan EMI calculator because it will help you select the most suitable one.

By admin

Hdfc Bank Home Loan

July 31, 2019 Off

HDFC Bank guarantees reasonable and convenient Home Loan at your doorstep.

Why HDFC?

Widest range of approved projects.
Attractive Home Loan Interest Rate.
Wide range of Home Loan Products.
Doorstep service.
Assure hassle-free processing.
Property Counseling.
Simple documentation.
Loan from any office for purchase of home anywhere in India.
Loan approval before property selection.
Flexible repayment options.
Secured document storage.

Widest range of approved projects
The bank has highest number of approved projects across the country with reputed builders like Orris, DLF, Ireo, Emmar, Raheja and so on.

Attractive Home Loan Interest Rate
HDFC offers two types of interest scheme: Fixed rate of interest and Floating rate of interest. For Fixed rate loans the bank is offering fixed interest rate for first 3 or 5 yrs, and then would vary depending on the loan amount; for Floating the rate would be 10.75% upto 30 lacs ,for 30 to 75 lacs 11%and 75 lacs to 2crs 11.25%. Customer can also go for Partly fixed or Partly floating too.

Wide range of Home Loan Products to choose from
Home loans are offered for purchase of property either directly from the builder/resale or construct houses. The bank too offers loan for Home improvement, Home extension, land purchase etc. The organization funds on both residential and commercial properties.

Doorstep service
HDFC sends representatives to guide you on the product and collect documents at your doorstep.

Assure hassle-free & easy processing
Bank would assist you throughout the process, to assure easy processing.

Property Counseling
The bank helps you in property selection and evaluation of the same.

Simple documentation
An application form duly signed by the borrower; a passport size photograph; address proof, identity proof, income documents, bank statement and a processing fee cheque.

Loan from any office for purchase of home anywhere in India
Vast network helps customer to visit any nearby branch to apply for the loan.

Loan approval even before a property is selected
You can get the loan approved before property identification; the loan would be appraised under the clause sanction applicable subject to legal and technical clearance of the property.

Flexible repayment options
The bank provides you the options like Step up Repayment Facility, Flexible Loan installments Plan, Tranche Based EMI, and Accelerated Repayment Scheme.

Secured document storage
Bank takes extraordinary measures to ensure that the title deeds mortgaged as collateral are in protected custody.
The bank caters Salaried, Self Employed Professionals and Self Employed Businessman. An existing HDFC Home Loan customer can avail other loans (like Personal Loans, Car Loans etc) at lower interest rates.
A visit through www.moneylaxmi.com would give you a good insight of home loan scenario. We offer transparent information about available options of home loan offers in India and aim at helping you in finalizing the best deal.

By admin