Reverse Mortgage is a loan for senior citizens

A Reverse Mortgage is a loan for senior citizens where they do not have to repay loan as long as they continue to live in their home. The owner’s responsibility to pay back the loan is delayed until the owner dies or the home is sold, or the owner moves.The loan becomes due when you sell the property, moves to another house or dies. If one of the spouses dies, the other can continue living in the house.

Valuation of the residential property would be done at such frequency and intervals as decided by the reverse mortgage lender, which in any case shall be at least once every five years.The homeowner’s obligation to repay the loan is deferred until the owner dies, the home is sold, or the owner leaves (i.e. moves to aged care).

In case you and your spouse die your heir can settle the overall outstanding loan and retain the house. If your heir fails to retain or settle the overall outstanding loan, the bank will proceed to settle the outstanding loan and give the rest to the heirs.Reverse mortgage is loan and not income, hence the same will not attract any tax liability.

Useful link to refer

Workings of Reverse Mortgage

Buying property with home loan for NRIs

If you are of an Indian Origin and holding an Indian Passport then you are entitled to buy any property. Person or Persons of Indian Origin need not require any approval by the Government of India to buy immovable properties. If you are buying the property through your NRE (Non Resident External) accounts, then you could repatriate your sale proceeds and rental income to your foreign account.

When Buy your property with a home loan,Your personal documents required for your home loan pre-approval only. Disbursement will happen only when you buy the property.

Documents required by salaried (Non Resident Indian)

1. Loan application form duly filled and signed. Two photographs of both the applicant and the co-applicant with signature on front and back.
2. Copy of passport. (Along with latest visa stamp and date of entry stamp), Proof of residence in India. (Electricity / Telephone bill / Ration card / Society maintenance bill / LIC Policy / Mobile bill / Utility bill like Gas Supply bill), Proof of residence in Abroad (Electricity / Telephone Bill / Mobile Bill / Utility Bill e.g. Gas Supply bill / Driving License), Copy of Identity card / Social Security card / Work permit (Hikama) Copy of credit card. Last six months bank statements of all the NRE / NRO account in India.
3. Last six months bank statements of bank account held abroad where salary is credited Copy of Contract / Employment Certificate Copy of Annual Salary Certificate specifying the mode of payment (If payment is fully or partly received in cash) Salary Slips for the immediately past 06 months.
4. Copies of Sanction Letter of Loans availed in India and abroad Self Declaration of Residential Status Initial Processing fees cheque of Rs 5612/-, this is charged by the Bank, we can do away with this for the time being and once you want to have the application approved you please send this to us.
5. Please note that all the above documents need to be certified by the Indian Embassy abroad. Documents relating to income / salary needs to be attested as true by your employer.
6. All documents in foreign language need to be translated in English.

Links to visit
Investing in a Second Home

Insurance for Home Loan

Planning for Home Loan

Banks and lending company has reduced its interest rate and simplified home loan process. Low interest rate and competitive scheme has made home loan easy reach of common man . If you are first time buyer or planning for home loan, here are guidelines for you to plan your home loan.

Know your lender: Before you choose or sign for a home loan, know your lender. Make good market research on rate of interest, processing fee, penalties and charge for pre-closure. Choose the lender who offers best deal that suits your need and requirement.

Hidden Charges: Hidden charges are not really hidden but borrowers may fail to note or ask lender before signing or applying for loan. For home loan, borrowers need to pay down payment which may be about 20 to 25 percent of property price. In addition to the down payment, borrower will have to pay processing fee and other expense on sanction of home loan. Be prepared to pay some extra other than these charges.

Credit history: Credit history is history of your past borrowings and repaying behaviors. These factors help lenders determine whether to extend credit, and on what terms.

Income Proof: When applying for loans or advance, you will have to show your income source. It can be either from your business, salary or other source. For income proof, you need to provide bank statement for last six month and two years financial if self employed.

Know your insurance company: When you are buying a home or applying for home loan, you need to insure your property and home loan. In case you loss your job or met with accident or in case of death, insurance company will help your family to payoff outstanding loan without causing burden of loan or interest.

Your lender or lending company may not be best person to ask for advice. Make good market research and discuss with your accountant or financial adviser. Contact as a many lender as possible before choosing one for loan or advance. Choose the home loan that best suits your need.

Caution against unincorporated Lenders

Lending and borrowing is common in today’s world. There are number of banks and financial institutes come up with new scheme or offer to attract borrowers or customers. RBI cautioned public to verify the credentials before dealing with unincorporated lenders.

RBI caution public to verify the credential of bank or institutes before approaching for personal loan or paying processing fee for them. It is recommended to deal with bank or institutes who have years of experience in lending loans and advances such as personal loan, car loan and other long term loans.

The central bank said it noticed that certain entities are issuing a spate of advertisements in newspapers offering personal loans, loans against property and other loans, at a very low rate of interest. In the advertisements, these entities indicated their mobile phone numbers for the prospective borrowers to correspond, the bank added.

It has also come to the notice that some of these entities are cheating the public by charging processing fees upfront and disappearing thereafter. Reserve bank cautioned public before dealing with unincorporated lenders. Borrowers are advised to exercise utmost caution and verify the credentials while dealing with them.

Reference

RBI cautions public against unincorporated loan providers

Guidelines for Easy bank loan

Bank and financial institutes play vital role in helping you or customers to meet their immediate requirement and overcome financial debts. Good planning and market research helps you to get bank loans easily and payoff the debts without any burden or increasing your monthly expense. Here are some tips for you to get easy bank loan.

Tips for Easy bank loan

Right lender for your loan: It is important to get a right lender who offers special or attractive offers exclusively for you. First and important thing for bank loan is right lender. You must contact two or more lender before you choose right lender. It is important to take some time and be a little selective, when loan is for home loan or loan for long duration.

• Scheme: Some banks or financial institutes follow fixed interest rate or fluctuating interest rate. In some schemes, the rate is fixed, but only up to certain duration and subject to some terms and conditions. Therefore it is important to check the track record of interest rate and check the scheme for processing fee, penalty, late fee etc.

• Budget: In some case, interest rate may fall or be lower than interest rate when borrowing loan. In other case, borrowers will have to pay higher interest rate based on market condition and terms and condition of bank or lending company. Borrowers must have budget to afford higher interest rate or other expense relating to loan.

Take some time and make good market research to find the loan affordable by you and the lender who helps you to clear your debts easily. Right scheme and right lender plays vital role in getting loan easy and make prompt payment.

Easiest Way To Clear Credit Card Debt

Credit card is one of the easiest and convenient ways of paying for goods or service received. A financial institute allows agreed credit limit to their customer to buy goods or service. Bank and financial institute allows small short term loans for specific period and if the customer makes any default in paying the debts in specified period, interest or penalty will be charged on outstanding amount.

Tips for you to clear your credit card debts

If you use credit card responsibly, credit card can be great financial tool and if you use them carelessly, the same can put you in debt trap. You may be looking for best or easiest way to clear your credit card debts and bring your debts under control. Here are some tips for you to clear your credit card debt easily.

Don’t roll over credit: You must pay off your monthly debts in the period or time allowed by your lending company or bank. Roll over of credit will slowly lead you to debt trap. Pay off all your debts on or before due date.

Limit the number of credit card: You may have two or more credit card which makes you difficult to pay its due on or before due date. Limit the credit cards number to one or two and use them responsibly. If you want, you can use two credit cards one for daily purchase and other for bigger purchase. Remember, paying off credit card debt dues on or before due date enable you to get reward points and cash back.

Personal loans: Consolidate your credit card debts and take personal loan to clear all dues. Personal loan is cheaper when comparing the interest rate with credit card. Credit card charges high rate of interest or penalty for your monthly dues.

Loan from family or friends: You can take loan from your family and friends for paying off your debt or credit card dues. The advantage of such loans is they will not charge you interest and you need to pay only principal amount. You need to pay fixed amount in every month and prompt payment will enable you get more help from your family or friends in future.

Stop using credit card: If you are not able to payoff your monthly dues, stop using credit card until you clear all your debts on your credit card. When paying your monthly debts, pay more than minimum amount due in your statement.

If you use your credit card responsibly, your credit card is great financial tool for making payment for goods or service purchased and secured way to book online tickets and deal with online merchants. Remember to payoff your credit card debts on or before due date and never roll over your credit card debts. Prompt payment will enable you to get reward, cash back and increase in your credit limit. Keep your credit card debts under control and get most from your credit card.

Things To Consider When Applying For An Auto Loan

Auto loan is personal loan which can be either secured loan or unsecured loan. Lender offer loan to buy a new car or exchange your old car with new or loans for borrowers who are looking for own vehicle.

Having your own car or vehicle may be your dream and Banks or lending companies offer auto loan for making your dream come true. You need to consider following things when applying for an auto loan easy repayment of loan.

Consider following things when applying for an auto loan

Credit Report: Before applying for auto loan, check your credit report. If your credit report is good, you will get your loan for low interest rate and you will have more auto loan choice.

Affordable rate: You need to know about your income and monthly expense. This will help you to know the amount you can afford to pay for your auto loan. Analyze your budget when applying for auto loan. Choose auto loan that offers loan at affordable rate.

Know your market: Do not apply for loan with your first lender or bank. Make good research on available loan rate and other benefits. Bargain with your lender and choose your lending company or bank that offers you best.

Secured Loan: Secured loan enables you to increase chance of getting your loan. Secured loan is personal loan where borrower gives collateral security against his loan. In case of auto loan, car or your automobile itself is used as collateral. In case you default on repayment of loan, lender will take car or vehicle to pay off the cost or lose he incurred. This type of loan is safe for lender and they compete to offer you loan at cheap rate.

Increase down payment: You can get better deal if you pay maximum down payment and your monthly repayment becomes smaller. Even if you have bad credit history, paying maximum down payment increase the chance of approval of your auto loan.

You need to know your budget and monthly payment towards auto loan. You need to discuss about auto loan you are going to apply with your financial advisor to get best deal. Make good market research and apply for auto loan from bank or lender who offers you best.

Important banks for Auto loans

State Bank of India

HDFC Bank

ICICI Bank

Bank of India

Important Documents Required For Home Loan

Home loan is one of the loans offered by the banks or financial companies to its customer to buy a property. Banks offers home loan which can be easily repaid in monthly EMI without having burden of huge loan. Home loan is one of the secured loans and long-term loan which offer you a period of 20 or more years to repay the loan.

Following documents are important for Home Loan

Duly completed application form: Each banks and financial institutes will have its own application for applying for home loan. You need to complete all the details furnished in the application. Enclose two passport size photographs along with your duly filed application form.

Proof of identity: You need to produce id proof. it can be copy of driving license, passport, PAN card, driving license, employee id, voter id. You will also need to proof your permanent address and current residing address with some document support. Documents can be Ration card, Passport, property (if any), utility bill such as telephone bill, electricity bill etc.

Age Proof: Document to proof your age is one of the important documents required for applying home loan. To prove your age you can submit copy of school certificate, birth certificate, passport, driving license etc.

Financial statements: This is very important for determining the whether an individual should be allotted a home loan or not. You need to prove your financial capacity and affordable amount or credit for month. Financial documents can be proof of monthly income, bank statement of 3 to 6 months, Income tax return filed for last two or more years, repayment track of existing loans or advances, affordable monthly EMI etc.

Property title proof: for sanction of home loan you need to provide the details of property you intent to buy and copies of documents available with you. Plan of building approved from concerned authorities, purchase agreement, details of agreement made for buying the property, no objection certificate and certificate from builder’s charted accountant certifying that building has not mortgaged.

You need to know the market trend and offers made by lending company or banks before signing and agreement for loan. Contact two or more lenders to know interest rate and offers made for you. Select one which suits you most and you need to know the penalty or fee charged by lender for switching the loan or repaying before the tenure of period. You need to make good market research before applying for home loan. There are number of lending companies compete each other for offering loans to new customer. You can get your loan from other banks or lender if your lending company is not providing you the loan. Negotiate with your lender to get best offer on your home loan.

Credit Card an Ease Loan for Your Requirement

Credit card provides you short term fund/loan for meeting your immediate requirement. Credit card is also known as world of plastic card which provides you an alternative method to pay cash when making purchase or receive any service. A credit card can be an asset for your business or lifestyle, but if you not handle them carefully they will put you in debt trap.

Credit card is simply a plastic card which enables you pay for transaction or service received. One of the main advantages of credit card is bank or finance companies charge no interest if you make prompt payment. Credit card enables you to meet your personal expenses such as shopping, trip or vacation, world tour, buying home appliance, fund for wedding or for other function, fund for emergency etc.

Main disadvantage of credit card is you become a liability for debts if you spend more than affordable by you. You need to spend only for those which you can make a prompt payment. If you use credit card for unnecessary shopping and spending, you will end to paying more interest for your debt every month.

While choosing credit card you need to choose bank or finance company which charge less interest for your credit and no annual fees or lowest fee for your credit card. Before signing for credit card you need to read terms and condition. Make transaction or spend amount which you can afford to repay. Make good research and contact more banks to know the best offer for your credit card. Never use more credit card two is more than enough for individual use.

Credit card can be best used for paying online transactions, pay your utility bills and your monthly telephone and mobile bills. Credit card enables you travel anywhere without taking risk of handling cash. For example, if you are planning to shop for furniture or home appliance around Rs 50,000/- you need not required to carry whole amount. When shopping you can either use credit card or make partly cash payment and remaining by credit card.

One of the myths in using credit card is users think card will make them liability for huge debts. If you have limited transaction in a month and the bill at the end of month is affordable by you, you can enjoy your shopping, family outing, friends or relatives wedding and even fund for emergency requirement. Learn to budget your monthly expense and manage your credit card efficiently.

Know Your Personal Loan

Personal loan is easy loan available to meet your personal requirement. There are number of banks and financial institute compete each other to offer personal loans. HDFC, Citibank, ICICI, Canara bank are some among them which provides personal loan. The loan amount and monthly EMI varies depending upon the profession, income, credit history and other factors.

Before applying for personal loan, you need to know about your lender and for what purpose you are using the loan. Some borrow personal loan for buying vehicle, new house or repair house. You can avail loan such as vehicle loan, home loan which offer more time and better option for repayment without having burden of loan.

Personal loan can be classified as secured loan and unsecured loan. Secured loan needs guarantor or collateral security when applying for loan. Unsecured loan needs no collateral security and easy documentation but interest rate is higher compare to other loans. When comparing personal loan and using credit card, personal loan is convenient and affordable.

You need to contact two or more lender before you apply for personal loan. Negotiate with your lender and apply for personal loan where you will get most benefit or which bank charge low interest. For example, Citibank offers 50% discount on processing fee that can be best utilized by you.

Remember personal loan is available easy and before adding a creditor to your credit history, know your need and lender. If you can manage without personal loan then it is wise. You need to stop impulse buying and spending unnecessarily to make your future secured. So when you apply for personal loan, know your need and interest rate offered by various lenders.

Debt Consolidation Loans for Merging Your Loans

Debt consolidation loan helps you to merge your entire loan under one lender or bank and helps you to repay loan in easy installments. Banks offer different loans such as personal loan, vehicle loan, home loan, over draft etc. If you have loans in two or more bank, you may end up paying more than half of your monthly income towards banks monthly EMI.

Paying different loans in a month may not be affordable for you or your monthly EMI may confuse you, here is a solution for your problem. Debt consolidation loan is loan which helps you to consolidate your loan and bring all loans under single lender. Banks offers consolidation loan to borrowers who struggle to pay off their monthly credit card debts and other bank loans. Consolidating loan under single lender helps you to lower your monthly EMI and longer repayment period.

There are number of banks which offer debt consolidation loans to reduce burden of borrower. These loans help borrowers who have bad credit history and improve credit report by eliminating creditors from credit history. Debt consolidation loan can be available under secured or unsecured loan basis. Under secured loan borrower has to pledge his asset or property as security. Debt consolidation loans help to reduce burden of borrowers, improve credit history and eliminate creditors. This is very helpful for small businessman and credit card holders.

Personal Loan to Make Your Dream True

Banks and financial institutes offer various loans and advance for helping you to meet your immediate requirement. There are number of loans such as vehicle loan, home loan, educational loan etc. When you apply for these loans you need to prove or convince your lender that loan is used for right purpose. For example, when applied for home loan, you need to show details of property for which you borrow loan. Personal loan is one of the loans which you can use for any personal use.

What is personal loan?

Personal loan is loan available for short term for one year to five years. Personal loan can be used for meeting your immediate requirement. If you dream to owe a computer, pay off outstanding debts of credit cards, refurnish house, repair your vehicle or go for world tour. Personal loan needs no collateral security and you can avail loans up to 15 lakhs.

Why personal loan?

Personal loan is easy and available in short period. When compare to other loans personal loans needs less paper work and documents in support. Documents for personal loan includes documents to support your identity, residence and bank statement or income proof.

How can I get a personal loan?

Personal loan is easily available and needs no security or guarantor for loan. You can contact any bank which are lending personal loan. If you have an account in any bank, they will offer you personal loan. Some important banks which lend personal loans are following.

State Bank of India provides personal loan for legitimate purpose such as meeting immediate requirement like medical expense, renovation or business development, expense for Trip or Tour etc.

ICICI Bank is one of the leading banks which offer various loans such as home loans, personal loan, vehicle loan, educational loan etc. Repayment option range from 12-60 months and needs no collateral security.

Citibank is known for its service and fast cash. Ready cash personal loan is one of the important features of Citibank. They offer cash up to 15 lakhs at your doorstep within 48 hours. If you are applying for Citibank personal loan refer the reference code "CF2009" for getting 50% discount on processing fee.

HDFC Bank is leading bank which offers insurance covers for borrower in case of death or permanent disability. Insurance insures principle outstanding on the loan.

Reference:

Easy personal loan

Know more about personal loan

wikipedia.org/wiki/Personal_loan

Educational Loan for Higher Studies

Are you planning to do your higher studies or any professional course? Is your course fee a hindrance for making a career? If yes, educational loan is boon for you. Banks offers loans or advance for continuing your higher education. Earlier parents were much tensed when they think of fees and expense of their child’s higher study but now educational loan has become source of relief and help for them.

If you are planning for higher studies and course fees are not affordable by you, you must best utilize educational loan for completing your higher education. This helps you to make good career at affordable cost. If you are resident of the country and your course is approved by central and state government. Course can be any professional course, graduation, post graduation, or diploma you are eligible for educational loan.

Security and guarantor is not required for loans up to four lakhs and if the amount exceeds four lakhs you will have to provide security inform of any investment such as bonds and shares, bank deposits or property.
You need not worry about repaying loan when you are studying, your repayment of loans starts only after completion of your education or after getting a secured job. Normally banks provide up to 10 years for Rs 4 lakhs and higher the amount is longer will be your repayment period.

While applying for educational loan you will have to submit documents such as copy of mark list of last qualifying exam, proof that you got selection for higher education, list or fee structure of your education and your passport size photos.

Repaying time is six months to one year after completing job or when you get a secured job after education whichever is earlier. You need to discuss the detail and interest rate of your educational loan to one or more bank to get best for your education. Banks and financial institute provide 10 or more years time for payoff the loan.

Important banks offering Educational loans:

• State Bank of India
• Indian Bank
• Corporation Bank
• Citibank

Home Loan for Your Dream Property

Your home is place where you relax and spend your memorable moments with your family, friends and relatives. Buying a home is an investment and your lifetime achievement. Home loan is aid or assistance that helps you to buy your dream home without much burden on your lifestyle and monthly income. Following are important element to consider when applying for home loan.

Important Elements to consider

Credit History: Bank needs to know your credit history before deciding the amount to be sanctioned. Your credit history can be known by your bank statements and banks have access to its applicant’s debt or financial obligations.

Amount available: Repayment of home loan includes amount borrowed and interest on the amount. It is divided into monthly EMI for easy repayment. Loan available depends on your income, monthly expense, age, and tenure or loan period, affordable monthly EMI etc. More your income is more you get loan and if you want more loan but limited monthly EMI, tenure of loan will be extended. It depends on the bank or financial institute that offers you home loan.

Eligibility: Applicant must not be less than 18yrs of age. May or may not be citizen of the country. Applicant must be salaried person, self employed professional or businessman or government employee.

Tax benefit: You can avail tax benefit for the amount borrowed and principal amount repaid. To get the benefit of tax benefit you must pay your monthly EMI without any default and fulfill conditions stated in Income Tax Act.

Co-applicant for home loan: You can enhance your loan amount by including co-applicant for home loan. You can include your spouse, parents, or children as co-applicant for home loan.

Tenure of loan: Tenure of loan depends upon the mutual agreement between lender and borrower. Normally loan can be repaid over a maximum of 15 years for self employed professionals and businessman and 25 years for salaried person. If you reach 60 years of age or loan period whichever is earlier.

Purpose of home loan: Home loan can be applied for buying a new home, reconstruction of existing home, purchase a ready built flat or house and switching from existing home loan to another loan etc.

Personal Loan to Meet Immediate Requirement

All you need to know about Personal Loan

Banks and financial institutes give loans and advance for meeting your immediate requirement such as buying home appliances, Computer or Laptop, Holiday trip, marriage and so on. Personal loan is available for any person who is satisfies the criteria defined by financial institutes.

What is Personal Loan?
Personal loan is short term loan or advance available from banks or any financial institution to private individual without any collateral security based on their income, credit history and ability to repay. Personal loan amount can be any amount between Rs 10,000/- to Rs 15 lakhs for the period of one year or less than five years.

Why do you need Personal Loan?

The need for personal loan varies from person to person depending on their lifestyle and requirement. Personal loan is applied by an individual to meet his personal requirement such as desire to owe a home appliance, holiday trip, pay off credit card debts, buying laptop, marriage of his daughter or any relatives and so on.

Advantages of Personal Loan:

Personal loan is available for any person who meets the criteria defined by banks and financial institution. It requires no guarantor, security and collateral. Once you are qualified for loan, it will take only 24 hrs and some financial institutes require 7 working days to disburse the amount. You can extend tenure period for reducing monthly EMI. There is no penalty or charges for pay off loan before tenure period.

One of the advantage of personal loan is it requires less paper work and it is an easy source of money when you require money to meet an immediate requirement. Personal loans are very helpful for self employed individuals as they require fund in urgent for short duration other than their bank overdraft.

Eligibility of personal loan:

Eligibility criteria vary for each bank and some bank provides personal loans only to the existing customer who has account for more than six months. Other criteria are as follows:

• Government employee, salaried person, self employed businessman or professional.

• Age of 18 yrs and above.

• Individual is employed or in business for more than one year.

• Good credit history or capacity to repay the loan and its interest.

Documents required:

Personal loan is easy to apply and requires no collateral securities. It requires less document comparing to other loans. The important documents required are following.

• Proof of identity, it can be copy of your driving license, passport, employee id, Voters id or Ration card. Proof can be any one of them.

• Address proof which proves your residential address. It can be letter from your employer, copy of rental agreement or your ration card.

• Last three months bank statement and salary slip.

• Proof of your continuity in job. Either Form16 or copy of appointment letter.

• Proof of your educational qualification, copy of your SSLC and highest degree.

Repayment Options:

There are number of options which enables borrower to repay the amount without making any defaults. Banks or financial institutes grant loans depending on your credit history, ability to repay and monthly income. Repayment option varies depending on the amount you borrow and affordable EMI for a month.

Bank charges interest for personal loan granted to you. Bank offers primarily three type of interest rate.
• Fixed rate
• Floating interest rate
• Flat rate

Flat rates are considered most expensive when comparing to other interest rates. Choose loan where interest rate is calculated on the reducing balance. Banks has various band rates. Find out which band rate you fall under and negotiate to get lowest interest rate. Remember making prompt payment provides you good credit history and loan is easily available in future.

Repayment option adopted by some bank is simple and easy for borrowers. When borrowers apply for loan bank asks to submit all post dated cheques which are EMI for each month and these cheques are presented for collection on 1st of each month. You can deposit EMI in your account which will be transferred to your personal loan re-payment. This is one of the best options to repay your personal loan.

How to best utilize personal loan:

Personal loan is easily available and amount is sanctioned on your ability to repay. You can utilize personal loan to pay off debt which accumulated from credit card. Credit card companies charge high interest rate compare to personal loan. You can consolidate your debt and pay off with personal loan. Personal loan is very helpful to meet unexpected medical bills. It is important to know the terms and interest rate of personal loan before you apply. Plan well and utilize your personal loan wisely.

Things to take care when applying for Personal loan:

Do not apply for personal loan if you can afford or meet your requirement without them. Make a research in market on available offers and interest rate. Contact one or more banks to know the lowest rate of interest. Ask for loan which has zero processing charge or no penalty for pre-payment of loan. If no penalty loan is unavailable, apply for lowest cost. Do not leave anything to executive to fill up and do not sign any blank document. Make sure all offers agreed are supported in written. Choose EMI which can be affordable.

Important banks offering Personal Loan:

Citibank Personal Loan
HDFC Bank
Barclays Finance
State Bank of India
ICICI Bank
HSBC Bank
ING VYSYA Bank
Deutsche Bank
Kotak Mahindra Bank
Reliance Consumer Finance
Axis Bank
ABN AMRO Bank

Frequently Asked Question:

1. What is Personal Loan?
2. Why do you need Personal Loan?
3. What are advantages of Personal Loan?
4. What all documents are required for personal loan?
5. What are different interest rates for personal loans?

Home Loan Takeover at 8% from SBI

Take over of your Home Loan by SBI at 8%*

Easy Take over of Home Loan by SBI. Click here to apply.


Documents Required:
1. Identity Proof (Passport/PAN card/Driving License/Voter Card)
2. Residency Proof (Telephone/Gas/Electricity Bills)
3. Latest salary Slips for 3 months
4. Last 2 year Income Tax Returns (Saral + Form No 16)
5. Latest Bank Statement for 6 months
6. Recent Passport size photograph
7. Certificate of Outstanding loan as on date more...

About SBI
State Bank of India is a global bank with over 2 centuries of banking experience and the only Indian Bank in the elite group of Fortune 500 companies. It is the bank of choice for millions of Indians living from Kashmir to Kanyakumari.

About Home Loan
Home loans, in India, are synonymous to any property purchase. This is because purchasing a home for dwelling is simply not affordable for many. The home loans are available for purchasing pre-constructed realty or developing or renovating existing property in the forms of flats or apartments and also as finance against home assets or real estate assets.