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.
Retail investors look for safer options
Retail investors look for safer options because RBI has increased CRR and repo ratesApnaloan.com Research Bureau
10 Aug 2007
Ahemdabad: Over 600-point crash in Sensex, triggered by RBI's move to increase CRR and repo rate, has left millions of retail investors in the lurch.
Retail investors, who have already witnessed erosion in their wealth, are now looking at safer investment product by reducing their exposure in the highly volatile stock markets.
"As the damage has been done to my portfolio, I have decided to pull out some of my investment and planning to park fund in safe products like fix deposits," Nirav Desai, one of the panicky investors, said.
As the interest rates continue to rise, fixed income instrument will become more attractive. Returns from equities will have to be that much higher now to compensate for the additional risk that one may be taking.
"While equities can still give higher return than fixed deposit, the quotient of risk has gone up substantially and this may tilt the balance in favour of fixed return," said Vinod Sharma, vice-president, Anagram Securities.
Chinubhai Shah, president, Gujarat Investors and Shareholders Association (GISA) said that RBI will continue to tighten its monetary policy till the inflation comes under control.
These measures will only lead to increased volatility in the market. "As retail investors have lost huge amounts in the recent volatile market, it is very difficult for them to sustain more losses," he added.
Shah pointed out that investors should move out from sensitive sectors like housing, banking, realty and other interest rate-sensitive sectors and should look to safe havens like fixed income instrument which is currently giving more than 9.5 per cent return at least for a short while.
(Courtesy: TOI)
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