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.
Market cheers steady rates
Market respond positively to credit policy measuresApnaloan.com Research Bureau
10 Aug 2007
The Reserve Bank of India (RBI) seemed to have given a shot in the arm for the domestic stock market on Tuesday, with key indices surging nearly 2 per cent after the central bank held key interest rates steady in its monetary and credit policy for 2007-08 (April-March).
Despite a poor start and bouts of profit-booking in early trades, the Bombay Stock Exchange's Sensex and the National Stock Exchange's Nifty gained strength towards noon ahead of the RBI policy.
On Tuesday, the Sensex ended at 14136.72, up 208.39 points or 1.5 per cent from Monday, after touching a low of 13850.07 and a high of 14197.32 points intraday.
The Nifty closed at 4141.80, up 56.70 points, or 1.4 per cent. It moved between a low of 4057.70 and a high of 4162.15 points during the session.
The Sensex closed above the 14000-level for the first time since February 22, while the Nifty ended above 4100 for first time since February 20.
The turnover on BSE and NSE combined was Rs 15,100 crore, up 35 per cent from Monday. The CNX Midcap Index ended up 1 per cent, while the S&P CNX 500 Index rose 1.2 per cent.
Zee Entertainment ended up 7.8 per cent at Rs 295 on value buying after robust January-March results. Analysts expect strong growth in the media major's income due to rising advertisement revenue.Maruti Udyog ended at Rs 796, up 3.8 per cent, after reporting March quarter earnings that exceeded analysts' expectations.
Siemens, which opened weak on disappointing earnings reported late Monday, gained on value buying as brokerages have upgraded the stock.
The worst-hit among Nifty stocks were Mahanagar Telephone Nigam, down 7.2 per cent at Rs 150, Wipro, down 2.2 per cent at Rs 555, and Tata Consultancy Services, down 1.7 per cent at Rs 1,226.
MTNL shares fell, as its January-March net earnings fell short of analysts\' expectations. The company\'s net profit rose 47 per cent to Rs 206 crore, against expectations of a 15 per cent rise, driven by other income.
Information technology shares slipped on Tuesday on concerns that overseas revenue will be hit if the rupee continues to strengthen against the dollar.
On Tuesday, the Indian unit appreciated to Rs 41.05 per dollar, against 41.67 on Monday. The BSE Infotech Index, down 0.6 per cent, was the only sectoral index to end weak.
(Courtesy: Business Standard)
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