Benefits of Applying Online
When Banks Compete, you win.
Apply for a Home Loan at ApnaPaisa and we will match your requirements with the best offers from our network of over 400 service providers. We will get a maximum of five providers to compete for your business. WHEN BANKS COMPETE YOU WIN. You can then decide which home loan is best for you based on:
- Lowest Interest Rate
- Lowest EMI
- No Pre-payment charges
- Lowest Processing Fees
- Maximum Eligible Loan Amount
- Mandatory Documents Required
- Lowest Processing Fees
Or any other factor that is important to you.
Negotiating Tips
1) If you have a good credit record and your income is sufficient to justify the loan you can negotiate on interest rates. You can also try and get Processing fees or legal or valuation fees reduced or completely waived.
2) If you go for a floating rate loan then pre-payment charges are not payable.
3) When interest rates are high and are expected to go down you should go in for a floating rate loan as it makes no sense to lock into high fixed rates or the so called Dual rate loans where rates remain fixed for a couple of years before shifting to regular floating rate loans. Please review this decision at least once every 6 months
4) Take term insurance and critical illness and accidental disability policy for the full loan amount to make sure you or your loved ones don't have to worry about loan repayment should you die or are disabled due to a critical illness or accident. You cannot be forced to buy this policy from the insurance company chosen by the lender - you should choose your own insurer.
Builders to be rated
Builders to be ratedApnaloan.com Research Bureau
05 May 2008
The Maharashtra government is taking steps in the direction of making builders and contractors accountable to their consumers. The government plans to get builders rated by reputed credit rating agencies such as the Credit Rating Information Services of India Ltd. (CRISIL) or Investment Information and Credit Rating Agency of India Limited (ICRA).
This is not to say that there is no monitoring of builders. Some of the listed real estate companies and some leading real estate developers hold to best industry practices and are monitored by the Securities and Exchange Board of India (SEBI) or other regulatory agencies. In spite of this, there are more than one lakh builders across the country which still are outside the purview of any regulatory agency.
The proposal for rating can bring the much awaited and needed transparency into this sector. It's also believed that this can help the government identify the best construction companies in the state. The Chief Minister of Maharashtra, Vilasrao Deshmukh said that those builders who establish repute may also be recommended for the Padma awards such as Padma Bhushan and Padmashri. According to media reports, builders and contractors, through the Indian Banks Association (IBA) have been making such demands. Know more about home loans on www.apnaloan.com.