By Accommodation Times Bureau
One of the most attractive benefits of taking a home loan is that they help you save tax, while you prepare to invest in a fixed asset. Acquiring a home loan makes you eligible for tax rebates under Section 80C and Section 24 of the Income tax
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
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
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
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.
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 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
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:
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
HOUSING LOANS & VARIOUS TYPES OF FRAUDS DETECTED BY BANKS
After the various big Bank scams of the period from 1990s, Banks felt that it is necessary to spread their risks by advancing monies to individuals, specially against mortgage of immovable property, by means of housing finance. This kind of