What one should know about Home loans
Tags :
Home loan, home loans, loans, housing sector, realty, construction in India, construction, bank loans, personal loans,
Industry :
Construction
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About "What one should know about Home loans" topic:
Due to the current boom in Real estate, there has been a increase in the Home loans applied for and the Home loan rates have doubled over the couple of years and due to the financial crisis that has happened it is difficult to get a loan during this point of a time, and one has to qualify with the bank's criteria to land up with a loan, So how to increase one's Home loan eligibility for that matter?? share your views on this......
1 insight
, 6 debates
, 2 idea contests
on topic: "What one should know about Home loans"
Prev1NextShowing 1 - 8 of 8
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(rate this)
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Yes
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4
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No
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Hally Vishwanath
| Argues in support of
"Yes"
| 1 year ago
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Prepaying a loan is always good as the debt is off faster,however one needs to see if there are charges for prepayment also HL is a tax benefit factor attached to it too
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RAMANATHA PRABHU N
| Argues in support of
"No"
| 3 years ago
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Home loan is the cheepest finance available in the financial market, keeping this in mind, I always suggest to avail home loan as much as possible, if you have investment know how, you yourselves can invest the surplus fuds available to the...
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Deepak Agrawal
| Argues in support of
"No"
| 3 years ago
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Prepaid of home loan depends upon several factors like- Loan tenure Your exposure amount EMI Paid Surplus Availability of cash Your risk appetite Market rate of interest and prepayment charges etc. You have to consider all these factors before...
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Debate: "Is prepaying your home loan a good tactic?" deleted from your view.
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(rate this)
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Yes
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1
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2
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No
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Jyoti Rath
| Argues in support of
"No"
| 4 years ago
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Till now there has been a particular limit set which accounts to $200 billion till this limit people can actually lend loans. So no point that loans are not been given.
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Deepak Somani
| Argues in support of
"Yes"
| 4 years ago
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There has been a strict check on the loan giving policy of the people. The increase that other fellow is writing about is quiet misleading.
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Debate: "Home loans and lending" deleted from your view.
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(rate this)
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1
Amount paid to society
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Focal Point
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Rahul Gautam
| Added idea
"Focal Point"
| 4 years ago
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I am not a tax expert. But still I know that the deduction is allowed only to individuals and Hindu Undivided Families. Other categories of assesses are not entitled to this. The rebate is for payments made for purchase or construction of a...
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Sandeep Goyal
| Supported idea
"Amount paid to society"
| 4 years ago
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Totally agreeing to the above point, it is indeed a benefit. In addition to this any payment to government Re-payment of an amount borrowed from the Central or State Government, a bank, Life Insurance Corporation, or any public company formed and...
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Ideate: "Benefits of home loan" deleted from your view.
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(rate this)
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1
Good past credit repayment history and future repayment capacity
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Location and Earnings
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Vipin Bhasin
| Added idea
"Location and Earnings"
| 1 year ago
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For home loan there are two major things are considered by banks or NBFCs : - Location of property and Earnings of applicant. Every financial institution(bank or NBFC) has different criteria for considering the location(Area of property). Earning...
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cmsrinivas
| Added idea
" by maintaining gud credit track record"
| 1 year ago
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by maintaining gud credit track record
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Ideate: "How to increase one's Home Loan eligibility??" deleted from your view.
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(rate this)
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Yes
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11
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4
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No
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Syed Fareh-uz Zaman
| Argues in support of
"Yes"
| 3 years ago
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I am agree with you. I also experienced same, while approaching for home loan. New customers always goes for lower initial interest rate without thinking for repercussion in future. Initially most of the banks are keeping very low intersest rate,...
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Inani Sarkar
| Argues in support of
"No"
| 3 years ago
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Earlier at least new customers were getting home loans at a much reduced rated and now because of RBI's decision there is no benefit to anyone, So, how this is a good decision I don't understand.
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Leena Khade
| Argues in support of
"Yes"
| 3 years ago
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I think RBI is doing the right thing by asking banks to end low home loan rates, as it discriminated new customers from old loyal customers of the banks and it also made many switch to new banks to get the special home loan rates which were as...
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Debate: "RBI tells banks to end special low home loan rates: Is RBI doing the right thing?" deleted from your view.
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(rate this)
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Yes
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17
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3
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No
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John D Nevin
| Argues in support of
"No"
| 3 years ago
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I believe that the banks should provide the benefit of the lower interest rates arising out of the rate cuts to all customers both old and new. Its not fair on the banks part to charge a higher rate of interest for old customers and lower...
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shome suvra chakraborty
| Argues in support of
"Yes"
| 3 years ago
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Home loan demands depends more on price discounts offered by the developers rather than on reduction of interest rate on home loans. So depending on demands, bank can increase or decrease home loans irrespective of previous loans. With the...
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Ekta Dutta
| Argues in support of
"Yes"
| 3 years ago
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In my opinion, for the Bankers, only the incremental cost of fund has softened. For this they could charge lower rates to new customers but old customers has to pay more as old funds were raised at a higher cost.
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Debate: "Is it a right thing done by Banks saying no to uniform home loan rate cut?" deleted from your view.
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(rate this)
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Lately we are seeing banks making news for their teaser home loan rates by which they are targetting new customers, but somewhat RBI is telling banks that this is injustice that is happening where only banks are giving this option to the new customers and not old customers. But let us first look what this teaser home loan means in the first place, whether its a really good option that they are providing customers, or is it just a gimmick that the banks are into :) This was a best article on Teaser home loan rates that I got on Economic times and this really gives one to know everything about these home loans actually..... Lets see the Implications of teaser home loan rates: Teaser Rates fo...
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puneet
| Commented
| 3 years ago
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the motto of the bank is to let customer take loan and earn as they are built on profit motto even when the rbi changes rapo and reverse rapo rate so as to curb the inflation but it is also in the interest of the public as they require it sometime...
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rasik upadhye
| Commented
| 3 years ago
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The objective of the banks is to furnish more loans and earn in the long term which is a good idea, this has benefited customers at large wherein demand for more loans has increased with less risk. Banks also want to cover all types of prospective...
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Insight: "Banks teasing customers more than ever" deleted from your view.
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(rate this)
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Yes
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4
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3
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No
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Mahesh H.
| Argues in support of
"Yes"
| 2 years ago
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Base will bring bit of transparency in interest rate made applicable to retail customers. Secondly it will curb cross subsidization of cost of fund among the different category of customers. However I strongly feel the retail customer will not...
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s.baalu
| Argues in support of
"No"
| 2 years ago
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PEOPLE GOING TO THE BANK FOR HOME LOANS WANT ONLY THE AMOUNT THEY EXPECT AS SOON AS POSSIBLE FROM THE BANK, AND THE RATE OF INTEREST IS NOT GIVEN MUCH PRIORITY AS LONG AS THERE IS NOT A VERY BIG DIFFERENCE .
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Swati Raut
| Argues in support of
"Yes"
| 2 years ago
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These rates will continue to remain, except that now they would be defined as certain basis points above the base rate. For new home loan customers, some banks could lend close to their base rates, thereby making home loans cheaper, by 50 to 100...
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Debate: "Will 'base rates' give a fillip to home loans?" deleted from your view.
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