Different Types of Loans
Introduction
In this article I will be writing about the different types of loans available in India. I am not going to explain every type in detail, but I will give you brief idea about the loan and when the type of loans can be applied.
Home Loans
Home Loans are given for the property like houses or [...]
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 [...]
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% [...]
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 [...]
