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
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- Lowest Processing Fees
- Maximum Eligible Loan Amount
- Mandatory Documents Required
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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.
Deutsche Bank picks up 5% stake in HCC's Lavasa project
Deutsche bank to partner HCC, LM Thapar group, Venkateshwara Hatcheries for Lavasa Project, PuneApnaloan.com Research Bureau
18 Oct 2007
Deutsche Bank Singapore has managed a 5 per cent stake in a realty project near Pune. Lavasa Corporation, as this project is called is being promoted by Hindustan Construction Company (HCC) at Lavasa near Pune, for Rs 500 crore. The deal values Lavasa Corporation at Rs 10,000 crore.
According to the industry sources, Lavasa may also issue a fresh equity to Deutsche Bank. HCC had 65 per cent in Lavasa through its real estate subsidiary, HCC Realty. The other partners in the Lavasa project are the LM Thapar group and Venkateshwara Hatcheries, along with other minority stake holders, account for the remaining 35%.
Deutsche Bank's investment in the Lavasa projects is one of the bank's largest investments in the Indian realty sector. HCC plans to build hotels, convention centres, apartments and houses in Lavasa, especially for the younger people. The company has acquired 12,500 acres for the township project.
Alongside the progress in construction, HC has also singed agreements with international hotel chains like Starwood Hotels and Resorts and Accord to manage hotel properties within the township. It has also signed an agreement with hospital major Apollo Hospitals Group to set up an integrated multi-specialty hospital at the Lavasa Hill town near Pune.