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.
Zero-rental schemes popular in suburbs
Zero-rental schemes popular in suburbsApnaloan.com Research Bureau
05 May 2008
A new phenomenon of rentals is catching on in the extended suburbs of Vasai-Virar. Instead of a monthly rental and a deposit, the tenant has to pay a heavy deposit to the owner. On the expiry of the rent tenure, the tenant gets the deposit back, if the house is returned to the owner in its original condition.
The deposits are to the tune of Rs. 2 to Rs. 5 lakh. A proper leave-and-license agreement is drawn up and both the owner and the tenant do not need to contact each other until the agreement ends.
This zero rental concept has many takers as both the owner and the tenant stand to gain. On one hand, the owner is assured that he will get the house back in good condition, thus saving on the repair cost.
On the other hand, the tenant also gets the entire amount back on the expiry of the agreement and based on the condition of the house. The tenant is freed from constant worries of paying rentals. Know more about home loans on www.apnaloan.com.