Joint Home Loans and Tax Benefits
Intro
In my previous blog I have written about the Home Loans and Tax Benefits. It covers most of the part in utilizing the Tax Benefits, If you are applied for the Home Loans. But, the mentioned blog overs only about the individual Home Loans and not explaining anything about the Joint Home Loans. By applying [...]
Home Loans and Income Tax benefits
Intro
In this article I am writing about the Home Loans and how to get the maximum benefits on Tax Savings. If you are not aware, Home Loans are the best source for Tax Savings plan. You cannot use Car Loans, Personal Loans or any other loans for the Tax Savings plan. But, still many people [...]
Websites to Apply for Bank Loans
Intro
There is lots of websites available for Applying Loans. These website are not belongs to any bank, but they will be sending the users details to the various banks and then bank will contact the customer. The advantage of using these website is we have option for getting contact to many banks and also we [...]
Home Loan Interest Rates can Drop
Most banks have not reduced their Prime Lending Rate (PLR) to the extent the Reserve Bank of India (RBI) has cut the rates. Therefore, analysts expect home loans rates will go down as more clarity comes on the issue. The government is exerting pressure on public sector banks to reduce their lending rates by reducing [...]
Information on ICICI Bank Personal loans
This blog post put down few key facts on ICICI Bank personal loans.
Prepayment of the loan is possible after 180 days of availing the loan.
Foreclosure charges as applicable [...]
Home Loan Interest Rates after Economy slow down
Home loan interest rate (20 year loan) below 20 Lakhs as on Nov 19, 2008
Banks
Floating
Current Benchmark Rate
Markup/Markdown to Benchmark rates
Fixed(For the entire tenure)
Fixed(With reset clause)
Reset clause after how many months
Allahabad Bank
10.5
13.25
2.75
NA
12.25
36
Andhra Bank
11.0
13.25
2.25
NA
NA
0
Axis Bank
11.0
15.75
4.75
14.0
NA
0
Bank of Baroda
9.75
13.25
3.5
NA
NA
0
Bank of India
9.25
13.25
4.0
NA
NA
0
Bank of Maharashtra
10.25
13.25
3.0
NA
NA
0
Bank of Rajasthan
12.5
16.0
3.5
13.5
NA
0
BHW Home Finance
12.5
15.0
3.25
NA
NA
0
Canara Bank
10.0
13.25
3.25
NA
12.0
0
Catholic Syrian Bank
NA
15.75
NA
12.25
NA
0
Central Bank of India
10.0
13.25
3.25
NA
NA
0
Dena Bank
11.0
13.5
2.5
NA
NA
0
Deutsche Bank
11.25
NA
NA
13.5
NA
NA
Federal Bank
11.75-12.0
15.25
2.75 - 3.5
NA
13.75-14.0
24
HDFC
11.75
15.0
4.0
14.0
NA
0
ICICI Bank
12.0-12.25
16.25
4.75 [...]
Learning Fixed Deposits(FD) Interest Rates in Indian Banks
What is Fixed Deposits(FD)?
Fixed Deposits (FD) is a system where a person – known as a depositor – deposits a lump sum amount of money in bank at a predetermined fixed period. The longer the period of the fixed deposit, the higher is the interest rate the depositor earns. The number of days an amount [...]