Dec 8 2008

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 [...]

Dec 7 2008

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 [...]

Dec 4 2008

Fixed Deposit (FD) Rates may come down

Recently I have posted a blog about FD Rates and investment plan on the Fixed Deposit (FD). It seems banks are planning to reduce the FD Rates in the coming months. I am writing this post to inform readers, if they have plan to invest do it ASAP to gain the High Interest Rates. The [...]

Dec 4 2008

Invest in Fixed Deposit (FD)

Intro
This is the correct time if you want to invest in the Fixed Deposit (FD) schemes. In the past, banks offer very low Interest Rates on the deposits, so people tend to invest on the property like buying home, land, etc. So, it is created very common attitude among people that depositing in the banks [...]

Dec 3 2008

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 [...]

Dec 1 2008

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 [...]

Nov 30 2008

ForClosure of ICICI Bank Personal Loan

This blog just posts information for ForClosure the personal loans availed. This is common practice to close the loan before the period is over. For example if you got 2 lakhs as Personal Loan in the ICICI Bank, then EMI for the two years tenure would be Rs.9556. Assume the rate of interest is 14% [...]

Nov 25 2008

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 [...]

Oct 11 2008

SBI’s 1000 days Fixed Deposit(FD)

Until a few years ago, FD rates were quoted in either number of months or years, but ICICI Bank took the initiative to launch specific days FD with launch of 390/ 590/ 890 days FD.
With the turmoil in US financial market and its impending effect on India, Indian customers are now more inclined to invest [...]

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