Loan for personal Home at Low Intrest rate

An aggressive strategy on retail loans has helped the country’s largest lender, State Bank of India (SBI), grow its loan book at a rate higher than the industry average, even in the quarter to December ‘09 at a time when loan growth has generally been tepid. The retail portfolio primarily comprises home loans , education loans and Car loans which grew at 29%, 32% and 46%, respectively. A high growth strategy in this segment is one which is fraught with a lot of risks. But for now, it’s not reflected in bad loans. For instance, retail loans contributed only Rs 238 crore to the net additional gross NPAs of Rs 1,485 crore in the quarter to December ‘09. So, the concerns over falling assets quality due to an increased focus on retail loans have been belied, for now. However, gross NPAs formed 3.1% of gross advances at the end of December ‘09 quarter. In terms of percentages, bad loans continue to remain high compared with 3% reported in the September ‘09 quarter. What could be of com...

Almost every middle-class Indian family owns gold jewelry, which is central to weddings and rituals, and few traditionally have been keen to part with it to secure loans. But with gold prices high, banks have begun to push clients toward gold loans. The transactions have become even more popular as small personal lending dries up because of increasing defaults on risky loans . "India is one of the biggest consumers of gold in the world, and about 90 percent of the gold in India lies with individuals and not in banks," said Biju Pillai, executive vice president of HDFC Bank, which has the major share of gold loans among Indian banks. "But the paradox is that gold is the least leveraged product for loans. We want gold to come out of the closet." The bank's gold loans business grew 55 percent last year, he said. The market is huge, but so is the cultural wall. Over the years, many sensational Bollywood movies have reinforced the stigma, portraying the sale of g...

HDFC (Housing Development Finance Corp), has decided to give loans at a fixed rate of 8.25% per annum. HDFC’s new offer will be for all new loans taken before April 1, 2010, and the 8.25% Home Loan rates will remain fixed till March 2012. Thereafter, depending upon the loan amount, the customer will move to a floating rate structure, applicable on April 1, 2012. NRIs and PIOs can also get loans at this reduced rate, an HDFC release said. Over the last few months, SBI had been offering home loan at as low as 8% fixed for the first year and afterward moving to a higher rate. Compared to HDFC’s 8.25% offer, SBI offers home loans of up to Rs 30 lakh at 8% for the first year, 8.5% for second year and from third year onward it moves to a floating rate, the bank said. The hugely advertised 8% rate from SBI had generated substantial interest among home buyers since it was launched. According to industry estimate, for a 20-year loan of Rs 30 lakh and considering present rate formation is ...

Variety of product offerings:- HDFC offers a wide range of Loan Products to meet your needs. Their range of loans are, Home Loans , Home Improvement Loans, Home Extension Loans, Loans to professionals for office or clinic, Home Equity Loans (Loan Against Property), Loan Against Rent receivables, Short Term Bridging Loan. Also they give you an option to choose between a fixed rate and floating rate And a 2-in1 home loan. Where you can get the benefit of both fixed and floating rate interest HDFC Realty:- They also help customers in buying ,selling and leasing property. Counseling:- They have appointed home loan counselors who give advice to customers in regard to documentation , any kind of approvals even technical advice. Door step service:- You can call their representatives home to assist you with your home loan. Multiple Repayment Option :- Accelerated Repayment Scheme:In this option you can increase the EMI amount so that you can close the loan faster. Whenever you have the excess...

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