|
|
| |
| |
| |
Finance
|
|
|
| A decade backs there were hardly a
handful of lenders in the housing sector. A no. Of commercial
banks add to the lenders pool and advent such a large numbers
of lenders have resulting competition leading to substantial
reduction in the interest benefiting home loan seekers |
| |
| WHY IS IT WISE TO TAKE A LOAN
FOR HOME NOW. |
| |
-
Property prices have bottomed out
and prices prevailing are the cheapest.
-
Due to more players in the field
including banks housing loans interest rate has come
down
And it is the lowest.
-
You pay the installment just as u
pay rent.
-
Rent goes on increasing year after
year while the installment you have to pay is fixed.
-
You save net salary on account of
rebates in income tax.
|
| |
| INTEREST RATE |
| |
|
At present rates being charged by most
housing finance companies is 7.25% per annum. For home loans.
And 9.75% is loan against property. Our company is the client
partner of several banks (Standard chartered, Icici bank,
Dena bank).
|
| |
Over a period the interest rate has come down and the
interest over a period depends on many factors such as
govt. and its policies.
|
|
