Loan for personal Home at Low Intrest rate

Faced with a sharp decline in home sales and declining cash flows, property developers are doling out minor discounts and freebies to boost home sales during the ongoing festive season. Mumbai-based property developer Sunil Mantri Group is providing “extra cheer” to its buyers. Under its offer ‘Mantri Mahotsav’, it promises cash discounts or freebies ranging from Rs 30,000 to Rs 1 lakh across its housing projects in Mumbai, Bangalore and other cities. The properties are priced between Rs 30 lakh and Rs 1 crore. “Buyers have waited for long and they have realised that interest rates will stay high for the next one to two years. They are also seeing that prices are not declining,” says Sunil Mantri, chairman and managing director of the Sunil Mantri Group. Nirmal Lifestyle, another city-based real estate firm, offers free stamp duty and registration in its Lifestyle City project in Kalyan, on the outskirts of Mumbai. A two-bedroom apartment costs nearly Rs 34 lakh and the...

Deutsche Bank plans to nearly double its mortgage book in India to Rs 3,000 crore by the end of next year. The move is in line with the bank's strategy to maintain its focus on secured assets, following the sale of its credit cards business earlier this year. The mortgage book, which is currently estimated at Rs 1,800 crore, comprises Rs 1,450 crore of home loans and Rs 350 crore of loans against property . Deutsche Bank currently lends Rs 80 crore of these loans every month. The average size of the loans is in the range of Rs 70-75 lakh. “We have started setting up more distribution points and adding capacity in our sales force. We expect our mortgage book to nearly double by the end of the next year,” said Prashant Joshi, managing director and head (private and business clients), Deutsche Bank, India. The foreign lender currently employs 18 sales managers and around 100 agents. Besides ramping up its sales force, the bank plans to offer value-added services like lif...

The National Housing Bank (NHB) plans to set up a mortgage finance company in association with two or three partners including development banks by the end of this fiscal. To start with, NHB has already identified Asian Development Bank and Washington-based International Finance Company (IFC) as prospective partners and is looking for a third strategic partner for technical expertise, who will have a 36 per cent stake in the proposed entity, according to Chairman R V Verma. Briefing reporters, he said, “we are hoping for approval from Foreign Investment Promotion Board (FIPB) by December-end and the company will be set up by March 31 next year with initial capital of Rs 120 crore and authorised capital of Rs 750 crore.” Currently, NHB is wholly owned by Reserve Bank of India (RBI) and is in the business of refinancing to banks and housing finance companies (HFCs) in case of default by home loan mumbai borrowers. The application for mortgage finance company will be sent...

It is a famous fact that construction stations are most favourite in India. In fact, the articulate “hill station” has been coined in India. So, patch most travel resolution providers offer packages same “9 period travel in India” or modify a “30 period travel”, do you conceive it is rattling doable to meet the full of India, analyse discover all the range seeing, go shopping and amass souvenirs, and actually undergo the pleasures that apiece of them offer, all in a month? Certainly not – not by a daylong shot! Not modify if you hit a clannish form plane or eggbeater (or both) at your disposal. Even if you took a pass of one full year, you would never counterbalance it all. My advice is – verify a whatever locations which are near to apiece another at a instance and ready the rest for incoming time. This way, you won’t hit to festinate around hurriedly. Ideally, I would declare breaking up your organisation into 4 field parts – East, West, North and South of Bharat (assuming that you’...

Like many other things, loans have become a way of life today. Most people, but, do not generally understand the difference between the various types of loans that they avail of, nor do they know how they work. This is true in case of personal loan also. It is better, therefore, to understand the basics of personal loans before availing them. The tenure of personal loans is generally for short periods, varying from 12 to 48 months. These are unsecured loans in that the customer does not offer any collateral as security. Personal loans are sanctioned based on a person’s income proofs as well as residence and identity proofs. The interest rates charged by the various banks and NBFCs for personal loans can be anywhere between 14 per cent and 25 per cent per annum and repayments are generally in equated monthly installments (EMIs). The Personal Loan Interest Rates are generally high when compared to home or car loans as the former are unsecured loans and the customer does not offer any...

India's economic situation is at a rapid growth. After the boon of outsourcing the power of spending of today's generation suddenly shot up. Employment was on a rise, youngsters just out of college or some even while pursuing their education have gotten addicted to this irresistible power and freedom of spending where they no longer want to rely on the budgeted pocket money from their parents. In a way this was good but also bad as the economic conditions were on a downfall due to the dependency on unreliable businesses. In spite of this the spending has reduced however it still persists. Owning a Car at one time was like achieving a high target goal in one's life. Getting a home was like the purpose of life. But today all of this has become a click away. Of course nothing comes for free. This is all a click away to living on credit. But then again it's for the individual to make the best of the credit or a burden. Like I said before today it's not difficult to ge...

Considering the potential in the education loan segment, HDFC Bank will target this segment through Credila financial services which specializes in education loans. The bank has 41 percent stake in the organization, reports Rupee Times. Renu Sud Karnad, Managing Director, Housing Development Finance Corporation (HDFC) said, "Credila is a tiny company today. But in the coming years, we want to push education loans through it. We see a good market for loans for college education. We want to use the HDFC expertise to see quick turnaround times." She denied any plans of HDFC going for a stake sale in HDFC Bank in the upcoming financial year. Temporarily, the bank has denied any possibility to follow the path of SBI , as SBI extended its teaser home loan season till April 30. The bank had stopped its teaser loan scheme earlier in March this year and has no plans in the near future to come back with teaser home loans .