4 replies on this article “Build a Home – Doubts !”

1. Krishna says:

   September 18, 2012 at 12:01 pm

   Hi Ashal,

   Thanks for the excellent suggestion. Will check on the SBI home loan offer and decide on it.

   Regards
   Krishna

   Reply
2. Krishna says:

   September 18, 2012 at 9:30 am

   Hi Ashal,

   Thanks for the suggestion how about the Axis bank for the home loan I heard they have introduced a plan where an whole year emi will be exempted.

   Regards
   Krishna

   Reply
   1. Ashal Jauhari says:

      September 18, 2012 at 10:00 am

      Dear Krishna, Yes the Axis bank’s home loan offer for last year’s EMI waiver looks good on paper but in actual it’s a market gimmick. To get that free EMI period, you w’d have to run your loan till the end of it’s term. Now calculate on your own, how much you w’d have paid already in terms of interest over these years & what ‘ll be the impact of last 12 EMIs? To simplify the matter for you, the interest you in your home loan is the highest in the initial years & after few years comes down to lower levels & at the fag end of the loan term, it’s as good as zero. So the bank has already earned from you what it meant to.

      Thanks

      Ashal

      Reply
3. Ashal Jauhari says:

   September 17, 2012 at 2:22 pm

   Dear Krishna, even if your construction budget is 12L Rs. at best you ‘ll get not more than 10L Rs. loan. My personal take ‘ll be tyo go for maximum possible loan amount with SBI’s Max Gain home loan product.

   Thanks

   Ashal

   Reply

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