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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
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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 developers offer festival discounts to buyers
The discounts offers will be over and above the freebies that are already being offered. The home-buyers can also expect surprise gifts and even gold coins.Apnaloan.com Research Bureau
10 Oct 2007
By 12 October, 2007, many real estate developers in the major metros are expected to offer discount of 2-20 per cent for the festive period that will stretch upto Diwali.
The discounts offers will be over and above the freebies that are already being offered. The home-buyers can also expect surprise gifts and even gold coins, according to media reports.
SVP group is offering a 2 per cent discount starting from navratras to continue until Diwali, the Eros group has discount offers of 21 per cent if customers book in their projects on down payment.
Raheja Developers have reduced the prices of its rates for its project in Manesar by Rs 100, bringing down the price from Rs 2,375 to Rs 2,275 per sq ft for the festive period.
Mapsko is giving a 10 per cent discount plus surprise gifts to all customers who book space in their residential and commercial projects in Sonepat.
TDI and Omaxe are giving gold coins to customers on booking space in some specific projects. TDI is also giving a 10 per cent discount on the balance down payment of customers who might even have booked plots in TDI City, Kundli sometime back.
Builders say that discounts may show a jump in sales figures of many projects by as much as 75-80 per cent during the festive period.