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.
YES Bank on expansion drive, targets 250 branches by 2010
YES banks has expansion plans, targets 250 branches by 2010, looking for private equity investments to funds its expansion plans.Apnaloan.com Research Bureau
11 Sep 2007
YES Bank is set to expand its operation into retail broking and set up separate subsidiaries for various existing banking segments.
YES Bank is also looking for private equity investments to funds its expansion plans. Reports say that the retail broking business will be a separate entity, YES Securities. The online transaction channel will be called YES Direct.
The bank plans to set up 100 branches in the $90-billion Delhi-Mumbai Industrial Corridor and has written to the ministry of commerce and industry for this.
Currently, YES Bank has 54 operational branches in India. The bank has set a target of having a network of 250 branches by March 2010.