Hi Ashal , I intend to take a home loan for under construction property due to be completed by 2017. Total cost is 68L and intend to take 80% loan. I contacted SBI & Private banks for loan approvals. All are giving ready approvals but I am confued in SBI & private banks. 1. SBI […]

I have SBI saving Account and Max gain account, I took loan of 27L, 20L is disbursed and 7L is remaining, Flat is under construction and builder will handover in another 1 year of time, I have 1L in saving account, does that 1L will be minus from 20L disbursed or do I need to […]

I bought a property in BDI Sunshine city Bhiwadi (Rajasthan) which was under subvention scheme for 18 months (In this scheme the builder has to pay first 18 installments of EMI (interest only) and from 19th installment, buyer has to pay which includes the Principal) I had to avail loan services from Indiabulls (as Indiabulls […]

Hi, I have specific question on Property Insurance. My property is located in Nashik. Market value – 52 lakh. Loan Amt – 40 Lakh. Loan Tenure – 25 Yrs. Construction Cost – 1545 sq ft X 2000/- = 31 Lakh approx. The quotation (one time premium) I received from SBI General Insurance – 34,000/- (for […]

I have recently got an approval for loan from LICHFL. As per the sanction letter they say that first 2 years the ROI is fixed and then floating but the sanction letter is not mentioning the ROI after 2 years. It is only mentioning the current LHPLR rates and not even the spread on it. […]

Dear Financial Experts, I need you advise here I took a home loan of Rs 20 Lakhs on March, 2012 and I pay EMI of Rs. 20305 for 240 months from IDBI bank @ 10.25%, present outstanding is about Rs. 18.9 Lakhs. Presently, I am in Germany (works with an IT company) and could save […]

Hi, If a person make some extra payment while closing the home loan, how he can recover the extra money from bank.

Hi, Which date will be considered to calculate fixed interest rate Home loan tenure. Date of loan sanctioned OR date of first EMI?    

What is the procedure of Prepayment of Home Loan if one having SBI Max gain OD account and want to prepay after 5 year.

Do I take my mother as co-applicant in education loan ? And is there a need to show her income sources as my mother is a housewife ?