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.
Freebies, discounts to woo realty buyers
Freebies, discounts to woo realty buyersApnaloan.com Research Bureau
15 Apr 2008
Freebies and discounts are the latest offering of the real estate builders and developers to attract buyers.
Media reports show that housing sales have dipped by 20 to 30 per cent over since December 2007 in Mumbai, Delhi and Bangalore, where prices had been going uphill since 2004.
Industry analysts are of opinion that discounts and freebies are the first phase of price correction in real estate.
Another reason cited for the dip in sales in the residential sector is the periodic rise of interest rates seen in 2007. Home loan disbursals have fallen by 10 to 14 per cent in the year 2007 and since.
Mid-size real estate companies are seen as particularly resorting to these tactics to improve sales.
Industry observers say that big realty companies will also have to resort to price cut or provide offers to woo buyers.
Among some of the freebies and discounts offered by builders and developers are savings on stamp-duty, free modular kitchen, free parking, free interiors and some of them are also paying home loan installments for a certain period.
Orange Properties is also offering cars as freebies. The company offered Maruti SX4 free for every 1500 sq ft flat at Bannerghatta in India's silicon city. The apartments costed Rs. 42 lakh and when compared with the price of the car (Rs.6-8 lakh), the discount was pretty good.
This
Bangalore-based firm also offered an Audi A4 costing Rs 30 lakh to buyers who booked
a villa at its upcoming Magnolia Brooksville project in Bangalore. The villa was on offer at a down
payment of Rs 10 lakh.
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