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.
RBI denies new branch licenses to Dhanalakshmi Bank due to low capital adequacy
The Reserve Bank of India (RBI) has withheld issue of fresh branch licences to Dhanalakshmi Bank because it has less than the required net worth. Wants the largest shareholder, P Raja Mohan Rao, to reduce his stake to 10 per cent.Apnaloan.com Research Bureau
10 Sep 2007
The Reserve Bank of India (RBI) has withheld permission for fresh branch licenses to Dhanalakshmi Bank because it has less than the required net worth. The bank had applied for licenses for 25 to 30 branches in 2007-08.
The minimum networth required by the bank is Rs. 300 crore. As on June 30, 2007, the bank's net worth stood at Rs 130.23 crore.
RBI also wants the largest shareholder, P Raja Mohan Rao, to reduce his stake to 10 per cent.
Currently, the bank has a network of 181 branches and 26 extension counters across Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Delhi and West Bengal.
The bank had deposits of Rs 3,194 crore and loan portfolio of Rs 1,922 crore at the end of June 2007. It reported 100 per cent increase in net profit to Rs 6.05 crore in the quarter ended June 30, 2007, compared to the same period a year earlier.