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.
Salient Features of Service Tax Circular No.108/02/2009 Dt. 29th January 2009
A property buyer will not have to pay servive tax, as clarified by the Service Tax Circular No.108/02/2009 Dt. 29th January 2009.Apnaloan.com Research Bureau
30 Jan 2009
The Central
Board of Excise and Customs (CBEC) has clarified aspects of charging service
tax to buyers by the builders. 'Service Tax' is NOT payable to the builder by
the buyer as per the Circular F.No.137/12/2006- CX.4 issued on January 29,
2009.
- The buyer does not have to pay service tax to the builder/ promoter/builder as any service provided by the developer during the construction of a residential complex, before the execution of the sale deed is "self-service" and, consequently will not attract service tax.
- Even when the buyer enters into a contract for construction of a residential complex for personal use with a developer/promoter/builder, who provides services such as design, planning and construction; then too such an arrangement will not invite service tax.
- Builder/ promoter/builder is not a service provider and, hence is not liable to collect service tax.
- Since contractors or designers are engaged by the builder and provide specific 'service' to him and hence "should charge" service tax to him and he is liable to pay it.