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I bought a house with a home loan from Axis bank, at the time the prevailing ROI was 10% after a month they reduced it to 9.50 % but i am told that now new customers get the loan at 8.75 while existing stay at 9.50, can the bank do that...
how to get a home loan on lowest interest rate?...
Hi All,
I have PPF a/c which is opened in 1998 March. The balance in this account is Rs. 4,50,000/-. My querry is how much i can withdraw or take a loan against this. My understanding is that since this a/c is more than 7 years old, i can withdraw up to 50% of the today`s balance. Please advise...
Is loan on PF is cheaper than PL? I have completed 5 years of contribution to Provident Fund. How much percentage I can avail loan on my PF balance?...
Hello Sir/Madam,
I owns a flat and staying there since last 3 yrs. I enjoys deduction in IT return, for priciple amount and interest on loan. Now I purchased a new flat in the same city. I will give that 2nd flat on rent. Please let me know what kind of income tax benefit I will get on principal and interest for the loan borrowed for this 2nd flat?
Thanks,
Pravin...
I am salaried person, i want a home loan of amounting Rs. 1200000 and emi would be arround Rs. 10000, i contacted with idbi bank and the offer me a loan at an intrest rate of 9%. So is it okay?? or he was make me a full...
Citibank people just sucking people`s blood.After pre-closing my personal loan,you people just taken my EMI amount and fined 200 rs.I asked to revert my money,you r customer care person (V Saranya ...
sir , as you are yourself a retired bank OFFICER , you may be much more aware of how banks do take care of applications of retired persons.
their mey be some scheme of the officers association of your bank, and also in staff welfare of your bank,
you can apply giving sufficient liquid securiy to the bank. and they will be happy to give yuo loan if they are guaranteed of their repayment...
30-07-09----
its a month from the budget, and now the banks are giving indications of hiking the rates ,as govt have declared of taking huge loans from the banks, so i dont think the rates will be more lower than now they are.
you can apply for scheme by sbi where they fix your rate at 8% for a year m then a 9% for next year, then your rate gets attached to heir PLR, that way you end up paying much of your principal in first two years only, and also at much lower rates...
the cost of refinancing will be
forclousure charge by SBIN (say 2%) + processing charge a your new financer say (1.25%) = 3.25%
now as the rate difference is very minimal only 0.65% , avoid refinancing as you will end up paying 5 time the rate differnce . and your breakeven will reached a end of 5 years .
if your rate difference was more say, 2-2.5 % then you must swicth over.
(me too switching from ICICI (13.75%) to SBI (12.25%) )...
I have applied Home Loan HDFC bank. My loan is approved but not sanctioned till yet. When I applied for the loan the interest rate was 9.25%. Now HDFC reduced home loan interest rate to 8.75%. My question is, what will be my loan interest rate if they going to sanction my loan. My applied loan amount is 20lacks for 15 years....
I have housing loan of Rs 8 lacs from SBIN floating @ of 9.15%. Should i go for refinancing of the above at the rate of 8.5% floating. If yes what is the cost of refinancing?...
Hello all,
I am 33 years old. I have an apartment in Bengaluru. I had taken around 22.5 lakhs of loan for 20 years from HDFC [Floating]. Last year i did a pre-payment of 5 lakhs and decreased the loan tenure to 15 years. Now i have a loan of around 16.5 lakhs.
With Current ROI of 10.75, my Last Installment Date is
31 March 2022
My Questions:
1. I have around 3.5 - 4 lakhs of cash now. Is it advisable to pre-pay the loan. with same tenure [15 years] or increase/decrese loan period? or any other variation.
2. Invest in some other place.
3. From a tax beneift perspective which is better.
4. Right now the apartment is vacant, will i get tax benefit for both Principle and Interest?
5. Till now i havnt invested in Stocks.
Please advise.
Thanks,
Shridhar...
Hello all,
I am 33 years old. I have an apartment in Bengaluru. I had taken around 22.5 lakhs of loan for 20 years from HDFC [Floating]. Last year i did a pre-payment of 5 lakhs and decreased the loan tenure to 15 years. Now i have a loan of around 16.5 lakhs.
With Current ROI of 10.75, my Last Installment Date is 31-MAR-2022
My Questions:
1. I have around 3.5 - 4 lakhs of cash now. Is it advisable to pre-pay the loan. with same tenure [15 years] or increase/decrese loan period? or any other variation.
2. Invest in some other place.
3. From a tax beneift perspective which is better.
4. Right now the apartment is vacant, will i get tax benefit for both Principle and Interest?
5. Till now i havnt invested in Stocks.
Please advise.
Thanks,
...
Does Repco Bank located in chennai comes under cooperative Banks of Tamil Nadu?
Does teh interest subvention scheme announced by the Finance minister in the month of july is applicable to loan accounts in Repco Bank?...
