Home Loans On Discount

ICICI Bank and Kotak Mahindra Bank joined the State Bank of India (SBI) and HDFC Ltd to offer discounted loans. ICICI Bank would offer new loans at a fixed rate of 8.25 per cent for the first two years, irrespective of the loan amount. The ICICI offer would be applicable to

Mortgage of Immovable Property

Mortgage of Immovable Property Every creditor wants the money lent by him to be secure so that in case of the borrower’s failure to repay the amount borrowed, he may rely on the security. Immovable property is a good security. This is not perishable and not subject to wild fluctuation

Your Rights against Bank Debts

Your Rights against Bank Debts By Adv. M V Kini The Hon’ble Supreme Court has held that not to give any hearing to the borrower till all his charged properties are sold and adjusted the Banks dues, is not in conformity with the laws of a democratic state. Therefore, on the guidelines

Hidden cost for flat purchasers

Hidden cost for flat purchasers Flat purchasers are been charged heavy amount by the builders, just after full payment but just before giving possession letter. The hidden cost includes Society formation charges, maintenance, Electric meter deposit, club membership, parking, electric cable to the building, general amenities, stamp duty and registration fees,

Reasons for Rejection of Loan application

Reasons for Rejection of Loan application. Being aware of some of the major reasons of loan rejections can help and be better prepared and save from disappointments. To ensure that the specific norms with respect to a minimum area of the flat are met with. The ‘minimum area’ norm will

Fixed V/s. Floating Interest Rates

Fixed Interest Rate Home loans Now, let us presume Mr. ABC was in the process of buying a house. He was undecided to choose between a fluctuating rate option (in which the interest rates increase or decrease depending on the movement of a base rate) and a fixed rate option

Reverse Mortgage

Reverse Mortgage Introduction: A reverse mortgage is a loan available to senior citizens, and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner's obligation to repay the loan is deferred until the owner dies, the home is sold, or the owner leaves

Special features of product offerings by various HFCs

Special features of product offerings by various HFCs: Standard Chartered ANZ has launched the Home Saver Account . Along with the Home Loan, your will get a FREE current bank account into which you may deposit your monthly salary. The EMI for the loan will be automatically reduced from your

Reverse Mortgage

Reverse Mortgage What is a Reverse Mortgage? Reverse mortgages enable house owners to access the money they have built up as equity in their houses. Unlike an ordinary mortgage, which involves payments by the borrower to the