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.
Real estate Developers want self regulatory body with punitive authority
The National Real Estate Development Council, a realty trade group, has proposed the formation of a self regulatory body for real estate industry to liaison with the government.Apnaloan.com Research Bureau
10 Aug 2007
The National Real Estate Development Council, a realty trade group, has proposed the formation of a self regulatory body for real estate industry to liaison with the government.
The proposed body could operate in four levelscentre, state, district and town levels and will have representation from stake holders such as the ministries of urban development, as well as real estate developers and others managing bodies such as the Delhi Development Authority.
"The authority should be set up under legislation. It will put down rules for developers and if there are any violations, there should be punitive action," R R Singh, director general, national real estate development council, was quoted in Mint.
The council suggested that a central regulatory authority should be set up in the National Capital Region and this authority should provide guidelines for state, district and urban real estate regulatory authorities. Real estate in India is largely an unorganized sector. The sector has many fly-by-nights operators who engage in a host of malpractices such as unauthorized construction and building unsafe structure or failing to complete projects on time.