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.
Price correction in realty residential segment
Price correction in realty residential segmentApnaloan.com Research Bureau
11 May 2008
Real estate prices seem to have witnessed the much expected and awaited price correction and the prices seem to have fallen across the country by about 15-20 per cent in the residential segment.
In areas such as Mumbai, Chennai, Bangalore, Pune and the National Capital Region (NCR), there has either been a fall in residential prices or they have not shown an increase in the last three months.
In other areas such as Gurgaon, the realty prices have dipped by 15 per cent while the plot rates have come down by 20 per cent in Noida. In Greater Noida the plots which were selling at Rs. 55,000-60,000, have come down to Rs.40,000 to Rs 45,000. In Indirapuram, the rates of flats have come down to Rs. 2,500 to Rs. 2,700 per Sq. Ft. from Rs. 3,000 to Rs.3,200 per Sq. Ft. .
Even in prime areas in Delhi such as Friends Colony, Maharani Bagh, GK I & II, Prithviraj Road and Hauz Khas, there has been a fall of 5-10 per cent.
In Mumbai, prices at Colaba, Cuffe Parade, Central Worli, Bandra and Juhu have been stable in the last three months. There has been no increase in land prices in Bangalore, Hyderabad and Chennai. In Pune, localities like Kalyani Nagar have shown a dip of 15 per cent in residential values in the last 3 months.
Real estate consultants and advisors say that the price correction or slump was expected, as a result of high prices and spiraling interest rates.