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.
Realty market to triple in size by 2010
The real estate market is all set to triple, over the next three years to Rs 200,000 croreApnaloan.com Research Bureau
10 Aug 2007
The real estate market is all set to triple, over
the next three years to Rs 200,000 crore, say realty industry watchers.
The emergence of retail sectors is said to have
made a significant impact on the industry which is currently at Rs 60, 000
crore. Cherian Varkey, vice-president of Builders Association of India (BAI)
said that the market is projected to reach Rs 200, 000 crore by 2010.
Varkey also said that the current slowdown in the
realty market is a temporary phase because incomes across all the classes are
rising. It has been estimated that over 1.20 trillion sq-ft of constructed area
will be acquired by urban and semi-urban India in the next 10
years.