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Home Loan FAQs Made Easy.

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Home Loan FAQs Made Easy.

Last updated: August 14 2016
86 | Posts
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  • #31

    #31

    Re : Home Loan FAQs Made Easy.

    what is the current rate at sbi?

    Comment

    • #32

      #32

      Re : Home Loan FAQs Made Easy.

      I guess they still have their fixed interest scheme of 8% fixed for 1 year.
      And further 8.5% (or I guess 8.25%, don't remember) fixed for next 2 years.
      I'm not sure when that scheme is gonna get over.
      Check and get it confirmed with your local SBI branch.

      Comment

      • #33

        #33

        Re : Home Loan FAQs Made Easy.

        as far as my knowledge it ends by 31-March-2010.

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        • #34

          #34

          Re : Home Loan FAQs Made Easy.

          Private banks have already stopped this teaser rates scheme.
          If you are happy, you are successful.

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          • #35

            #35

            Re : Home Loan FAQs Made Easy.

            Teaser rate schemes from PSU banks are ending on 31st March. HDFC has already stopped the sceme on Feb 27th.

            Comment

            • #36

              #36

              Re : Home Loan FAQs Made Easy.

              Deustche Bank has Home loan with 8.25% rate ...floating...is it advisable to prefer this versus our PSU banks ?

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              • #37

                #37

                Re : Home Loan FAQs Made Easy.

                Originally posted by thatsnick001 View Post
                Deustche Bank has Home loan with 8.25% rate ...floating...is it advisable to prefer this versus our PSU banks ?
                When it comes to loans, especially long term loans, it is better to stick to Indian banks be it PSU or Private. Eg. We had taken car loan from Stan Chart bank. Later they closed their car loan dept & the loan was transfered to ICICI. Though the interest rates, duration remained the same, bank got changed (ICICI is useless bank). However, we didn't face much issues as we have a/c in Stan Chart. However, if at all there exists some discrepancies, you may be at the losing end in case of foreign banks. Hence, better stick to Indian banks as the loan is of long duration & that too individual one.

                Btw, Indiabulls too have intro 8.5% ROI for home loan, but Indiabulls is a bunch of thieves. First hand experience (I used to trade on market through them). So, better avoid these as well. These are baaps of ICICI when it comes to looting the customers.
                If you are happy, you are successful.

                Comment

                • #38

                  #38

                  Re : Home Loan FAQs Made Easy.

                  Private Banks are big crooks.....

                  Go for PSU banks as far as possible...

                  Comment

                  • #39

                    #39

                    Re : Home Loan FAQs Made Easy.

                    Why is it said that taking a home loan before 31st Martch is beneficial ???
                    as it is ... for the floating rates... the new rates will apply...whenever you take loan ...

                    am i missing something here?

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                    • #40

                      #40

                      Re : Home Loan FAQs Made Easy.

                      Originally posted by thatsnick001 View Post
                      Why is it said that taking a home loan before 31st Martch is beneficial ???
                      as it is ... for the floating rates... the new rates will apply...whenever you take loan ...

                      am i missing something here?
                      You are correct. For floating rates, new rates will apply whenever they change.
                      The special schemes having fixed rate of 8.25 or 8.5 for 2-3 years are ending on March 31st. Those who want to avail these schemes need to hurry.
                      Anyways these schemes are gimmicks so no need to worry at all.

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