A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.40% Floating
    0% to 0.35% (max. ₹11,500)
    15L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.45% - 10.25% Floating
    0.5% (min. ₹8,625) One time fee
    2L - 3Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.55% - 9.80% Floating
    0.25% to 0.50%(min.₹11,500) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.45% - 9.70% Floating
    0.5% (min. ₹11,500) One time fee
    5L - 10Crs
    3-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.45% Floating
    0% to 0.5% (max. ₹11,500) One time fee
    5L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.60% - 9.85% Floating
    0.5%
    2Crs Max
    1-25 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria
    9.59% - 9.84% Floating
    0.5% (min. ₹8,625) One time fee
    15L - 15Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.55% Floating
    0.375% (max. ₹11,500)
    10L - 3Crs
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria
    9.40% - 11.75% Fixed/Floating
    Up to ₹11,500 One time fee
    5L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.30% Floating
    11,500 One time fee
    40L - 5Crs
    1 - 25 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.40% Floating
    0.5% (min. ₹8,625) One time fee
    2L - 3Crs Women's Special!
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.4% - 9.55% Floating
    Up to ₹5750 One time fee
    20L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.45% - 9.55% Floating
    5,750 to ₹11,500 One time fee
    15L - 10Crs
    10 - 30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    11.25% - 11.75% Fixed
    0.5%
    2Crs Max
    1-25 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria
    9.40% - 9.65% Floating
    0.5% (min. ₹11,500) One time fee
    5L - 10Crs Women's Special!
    3-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.95% - 10.40% FIXED:3 years,FLOATING Thereafter
    0.5% (min. ₹8,625) One time fee
    2L - 3Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.75% Fixed/Floating
    2% to 3% One time fee
    3L - 25L
    5-20 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.7% - 10% Floating
    0.5% One time fee
    30L - 5Crs
    3-20 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria
    9.7% - 10% Floating
    0.5% One time fee
    5.1L - 30L
    3-25 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    9.40% Floating
    0% to 0.5% (max. ₹11,500) One time fee
    5L - 10Crs Women's Special!
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.50% - 9.75% FIXED:3 years,FLOATING Thereafter
    0.25% to 0.50%(min.₹11,500) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Value Adds
    9.50% - 9.75% FIXED:5 years,FLOATING Thereafter
    0.25% to 0.50%(min.₹11,500) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.75% - 9.95% FIXED:10 years,FLOATING Thereafter
    0.25% to 0.50%(min.₹11,500) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    SUPER SAVER
    9.75% Floating
    17,250 to ₹28,750
    1Cr - 5Crs
    1-20 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.35% Floating
    0% to 0.35% (max. ₹11,500)
    15L - 10Crs Women's Special!
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.40% Floating
    0% to 0.35% (max. ₹11,500)
    ₹ 20L - ₹ 10Crs SBI Flexipay
    25-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% Floating
    2% One time fee
    2 - 25L
    5-25years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.12% Floating
    1% One time fee
    2L - 5Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.50% - 19% Floating
    2% One time fee
    2L - 1Cr
    1-20 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good To Know
    Eligibility Criteria
    9.40% - 10.55% Floating
    0.5% (Min. ₹ 5750)
    15L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria
    10.25% - 10.75% Floating
    Up to ₹11,500
    5L - 500L
    1-25 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria
    9.75% - 10.00% Floating
    5,000 to ₹20,000 One time fee
    5L - 7.5Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.60% - 9.90% Floating
    1,000 to ₹15,000 One time fee
    1L Min
    5-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.75% - 10.75% Floating
    0.5%(max. ₹10,000) + S.T
    -
    30 Years
    Response Time Within 30 minutes
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.40% - 10.65% Fixed
    1% (min. ₹10,000) + S.T. One time fee
    85% of cost of construction/value
    3 Years to 20 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Eligibility Criteria
    9.65% - 10.65% Fixed
    0
    1L - 2Crs Up to 75% of property value
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Eligibility Criteria
    9.70% - 9.95% Fixed
    1,000 to ₹20,000
    5Crs Max
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    9.65% - 10.40% Fixed
    0
    No Upper Limit
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    9.55% - 9.65% Fixed
    1,500 to ₹10,000
    Max 4 years salary
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    9.60% Floating
    0
    5L - 10Crs
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    9.55% - 9.8% Floating
    0.53% (max. ₹13,350) One time fee
    75% to 90% of the cost
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    10.90% Fixed
    5000 + S.T. One time fee
    60 times of Net Monthly Income
    25 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    10.15% Fixed
    Up to ₹10,000 One time fee
    -
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    9.70% Fixed
    5,000 to ₹10,000 One time fee
    -
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    9.65% - 9.75% Fixed
    0.5% (max. ₹7,500) One time fee
    -
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    10.40% - 10.90% Fixed
    1% One time fee
    3Crs Max
    25 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    9.70% Fixed
    0.5% (max. ₹20,000) One time fee
    20L - 75L
    30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Eligibility Criteria
    Up to 14.5% Floating
    Up to 1.25% One time fee
    90% of the cost of the property
    1-20 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    Home Loan Reviews

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    BankBazaar Home Loan is Rated as "Great!" by 19220 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    You're eligible for a Home Loan if you:

    01
    02
    03
    04

    Are legally adult enough to handle it

    Have still got it

    Get a regular pay check

    Make more than a basic buck


    Your eligibility depends on

    01
    02
    03

    EMI limited to about 50%
    of monthly income

    Loan capped @ 75% - 85% on property value

    EMIs of other loans lower
    your eligibility


    Boost your eligibility by

    01
    02
    03

    Making your spouse a co-applicant

    Choose longer tenure loans of up to 30 years

    Alternatively add your parents as co-applicants


    Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Processing fee cheque
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary - slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Home Loan Interest RatesUpdated on 30 Jul 2016

    Home Loan Details
    Interest Rate (Monthly reducing balance) 9.40% - 19.00%
    Processing Fees Varies with bank
    Loan Tenure 1 Year to 30 Years
    Partial pre-payment Charges Varies with bank
    Pre-closure Chargest Varies with bank

    Wondering What a Home Loan is? – An Overview:

    Home or housing loans are advances made to borrowers who require funds to purchase houses/flats/land. They can also be availed of for construction, extension and renovation of houses. Lenders can be banking or non-banking financial institutions.

    Features of Home Loan:

    The salient features are outlined below:
    • They are secured advances.
    • Collateral is usually the property that is being funded. Existing property can also be put up as security.
    • Interest rates are flexible being either Fixed, Floating or a combination of fixed and floating.
    • Home loan interest rates are lower when compared to unsecured personal advances.
    • The advance can be used to fund property for residential or investment purposes.
    • Amounts offered are higher than under other types of loans; up to 85% of the property value.
    • Repayments are made in EMIs (Equated Monthly Instalments).
    • Pre-payments are allowed, to reduce liability.
    • They are long-term in nature; tenors usually vary between 5 - 30 years
    • Non-interest charges include processing fees, pre-payment charges, inspection fees, documentation fees etc.
    • Co-applicants/joint-applicants are allowed.
    • They qualify for tax benefits as per provisions of the IT Act, 1961 (subject to changes).

    Home Loan Eligibility - Getting In On the Deal:

    Every lender assesses a customer differently but, by and large, the basic criteria a borrower should satisfy to be eligible for a home loan are outlined below:
    • Age: The minimum age at the time of application should be 21 years. Repayments have to be completed before the age of 60 or 65.
    • Employment: Ability to service interest charges, as reflected in the borrower’s earning capacity, is important. Borrowers should:
      • Be salaried employees or self-employed persons (professional/non-professional)
      • Have been in employment/business for at least 3 years of which current employment should account for at least 1 year.
    • Income: A minimum income varying between Rs.5 - 7 lakhs would be required. This depends on the nature of employment i.e. salaried or self-employed.
    • Residence: At least one year of stay at the current residence is required to display stability.
    • Credit Rating: A good credit score is required (a score of 750-900 from CIBIL is considered good). Besides this, a healthy financial background is vital for approval and to determine the interest rate and loan amount.

    Documents Required for Home Loan - For the file!

    Documents to be submitted differ according to the eligibility requirements. The following, however, are commonly requested for:
    • The application form which has to be signed and affixed with the specified number and size of photographs.
    • Proof of identity, address, employment, income and tax paid as per KYC requirements. This usually includes:
      • Passport/Voter ID//Driving License/Ration Card/Utility Bills/Lease Agreements/Property Deeds/Salary Slips (3 most recent months)/Salary Certificate/Bank Statements (3-6 most recent months)/Audited financial statements/Form 16/ITR/Business deeds e.g. MOA, Partnership Agreement etc./Appointment Letter
    • Documentary evidence of the property to be funded.
    • Cheques for payment of fees charged to process the application.
    In case of a joint application, the co-applicant will also be required to furnish similar paperwork.

    Beat the Heat - Apply Online:

    The trials and tribulations one has to go through in order to figure out where to get the best offer from can be truly taxing to the mind, body and spirit.
    Performing the age-old task of going to each financier, finding out what offers are available, collating the information, calculating EMIs, submitting the required documents and following up on applications can take a toll on any potential borrower.
    The best way to save on time, money and effort is to go online. Applying for home loans online is gaining popularity in India and fast becoming the mode of choice for many borrowers.

    Why BankBazaar? Check it out!

    BankBazaar is India’s leading portal for financial services where different home loan offers can be compared at one place and applied for without having to visit any lending institution.
    Here’s what users can do:
    • Define loan parameters to receive free quotes, instantaneously, in an easy-to-understand manner.
    • Compare offers to identify the right lender to deal with.
    • Make real-time home loan comparisons to find the lowest rates in the market. At BankBazaar, interest rates are constantly monitored and updated to reflect the latest changes made by financiers.
    • Avail exclusive discounts and deals for huge savings through BankBazaar’s active collaboration with leading financial institutions.
    • Check eligibility online using BankBazaar’s home loan eligibility calculator and get immediate e-approvals.
    • Determine repayments using BankBazaar’s home loan EMI calculator which also provides amortization tables.
    • Browse user reviews to gain insights on service provided by various institutions.
    • Apply online for the chosen product directly through the site.
    • Receive end to end guidance from a dedicated customer care team for smoother processing leading to quick disbursal of money.
    • Get regular status updates.

    Obtaining the right home loan is crucial to proper financial planning. It all begins with a successful search process that facilitates quick receipt of funds and guarantees peace of mind.

    Read Home Loan news or Enjoy it on the go Google Play

    • State Governments Urged To Cut Stamp Duty on Affordable Housing Projects

      The Ministry of Housing and Urban Development has requested state governments to reduce stamp duty for affordable housing projects to reduce the overall cost.

      Inaugurating a national summit on ‘Finance for Housing for All’ organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM), Urban Development Minister Venkaiah Naidu said he was confident of a real estate rally. He also said that interest subsidy under the proposed Real Estate Regulation Bill would be extended to the private sector as well if they selected beneficiaries through state agencies, in order to boost their participation in affordable housing programmes.

      Among the perks offered by the government on affordable housing projects are: service tax exemption on houses up to 60 square metres, and 100% tax deduction on profits approved between June 2016 and March 2019 and completed within 3 years.

      BankBazaar News About Loan

      27th July 2016

    • Demand for Home Loans in Gujarat Up By 27.8% In 2015-16

      State Level Bankers' Committee (SLBC), Gujarat, has said that the demand for home loans in the state has gone up by 27.8% in 2015-16 compared with the previous fiscal year. The amount disbursed is higher by 57.3% in 2015-16.

      A total of 82,332 beneficiaries got new loans worth Rs. 9,616 crore in 2015-16 under direct housing finance, as opposed to 64,414 beneficiaries getting home loans worth Rs. 6,112.45 crore in 2014-15. This rise is attributed to better affordability, decline in prices and more number of affordable housing projects. An official of the Gujarat Institute of Housing and Estate Developers said, “With economic growth of Gujarat being consistent, there has been a rise in investment in the housing sector.”

      BankBazaar News About Loan

      20th July 2016

    • Delhi NCR experiences falling property rates for the first time in 3 years

      In the last 3 years, this is the first time that the real estate prices in the NCR region of Delhi are showing a decline. The main reason behind this, experts feel is the cash-strapped real estate developers and the trust issue with customers. The launch of new real estate projects also went down by a whopping 41% as the existing developers struggled to focus on completion of on-going projects.

      In recent years, customers in the NCR have shown major interest for ready-to-move-in properties as compared to those under construction. Properties with a shorter possession period are also a hot favorite among customers. In stark contrast to this is the commercial property market in Delhi which went up by 14% considering the rising demand of office space in the city.

      BankBazaar News About Loan

      7th July 2016

    • Real Estate Act to Provide Home Buyers Protection

      As of May 1st 2016, the Real Estate (Regulation and Development) Bill, 2016 has morphed into an act, which has initiated the procedure of the formulation of rules along with the implementation of institutional infrastructure required for the protection of buyers of homes in India. Property experts have hailed the act as a positive development, but have also gone on record to say that the new rules should first look into the issued that are faced by builders with regards to acquiring sanctions and approvals on time. Managing director of CBRE South Asia, a property advisory firm, stated that government authorities must be held accountable in relation to any approvals that have to be given out within a specified period of time. He also warned that while the act could lead to the recovery of the Indian real estate market and boost confidence among consumers and investors, it should not turn into a developmental obstacle, which could raise property prices over the long term.

      BankBazaar News About Loan

      20th May 2016

    • Housing Applications To Be Approved Online In Delhi

      Urban Development Minister Venkaiah Naidu has said that the approval of housing applications will be done online in Delhi for starters. Once the project succeeds in Delhi, it will be offered in other cities, he said.

      The online application and approval process will be set into motion by the end of May. This is a move to make real estate deals more transparent.

      The minister also warned real estate developers to protect the interests of the consumers. He said the builders who do not meet the time schedule of completion of housing projects would face stringent action.

      The government is targeting “housing for all” by 2022.

      BankBazaar News About Loan

      10th May 2016

    • Loans to get cheaper! Thanks to RBI’s new norms!

      You often hear about repo rate cuts in the news but have no clue about what it exactly means for you, the borrower. Repo rate is the rate at which banks borrow from the central bank (RBI) to meet their day to day liquidity requirements. But if you have a home loan, you might have noticed that the banks don’t cut loan rates despite RBI cutting down rates. Banks give out term loans on basis of their average cost of funds.

      But RBI has launched a new way of calculating the bank’s cost of funds wherein the banks have to refer to the marginal cost of borrowing new funds instead of looking at the average cost of all deposits. This will ensure that the short term rate cut will reflect onto the rate at which you borrow from the bank.

      BankBazaar News About Loan

      5th May 2016

    • Housing loans have scope for rate cuts, banks may take a while to grant these benefits

      Leading banks like State Bank of India and ICICI Bank declared a cut in home loan rates. This was declared at a 10 basis point cut. This declaration comes after the implementation of Marginal Cost of Funds based Lending Rate (MCLR) system. This system has been made mandatory by the Reserve Bank of India. This has come into effect from 1st April 2016.

      Potential home buyers and present home loan borrowers can expect much more in store for them due to Reserve Bank of India’s decision to cut down the repo rate by 25 basis points. Repo rate is the rate at which it lends to commercial banks. RBI has also launched many other measures which are believed to play a significant role in getting the interest rate lower within the economy. Though some banking experts are of the opinion that significant reduction in interest rates by banks will take a while as banks are presently burdened with increasing non-performing assets and more provisioning.

      BankBazaar News About Loan

      26th April 2016

    • Customers might get home loans worth Rs. 1crore for a period of 30 years

      With an aim to increase demand for home loans and buying houses, banks can be extending home loans for a period of 30 years. This step is being seeing as a progressive blessing for builders and real estate developers. State Bank of India and Housing Development Finance Co. are actively backing this step and pushing towards its realisation. Please note that as this loan tenure lasts over 20 years, they are being given only for properties which cost more than Rs. 1 crore. This is a blessing for high income youngsters, who have the ability to earn higher with the passage of time. You can also get a home loan from any leading bank. To get the best deal, make sure that you refer to a neutral third party financial website.

      BankBazaar News About Loan

      18th April 2016

    • The cut in repo rates mean that Home loans will get cheaper very soon

      In the past 14 months, the Reserve Bank of India (RBI) cut repo rates by 150 basis points (bps). This is including the 25-bp cut on Tuesday. This said, borrowers are still unable to reap the benefits. This is because the transmission, has been 50-60 bps, at best. In the next month, there would only be a 25 basis point reduction. However, soon this could change for the better.

      Monetary transmission could be improved because of these reasons: the Introduction of the marginal cost of funds-based lending rate (MCLR), likely improvement in liquidity, the recent cut in small savings rate and more open market operations.

      BankBazaar News About Loan

      7th April 2016

    • New home loan schemes to fuel your home ownership dream

      The Budget 2016-17 is the hottest news, but what does it mean for the home buyer? The common man may be slightly disappointed since there is no increase in tax exemptions. However, it is that the Finance Minister has kept the salaried tax payer in mind. There are many pieces of good news for those on the lookout for property in the affordable segment. For example, first time home buyers are granted an additional deduction of Rs. 50,000 if the loan amount they are applying for is less than Rs.35 lakhs. For this advantage, the loan must be sanctioned in 2016-17 and the cost of the house must be below Rs.50 lakhs.

      BankBazaar News About Loan

      6th April 2016