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Know Home Loans Housing Loan Finance In India

Home loans at attractive interest rates from HDFC Home loans. Best home loan rates for women and salaried individuals.Home loans at lower processing fees<br>

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Know Home Loans Housing Loan Finance In India

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  1. Home Loans

  2. Know Home Loans Housing Loan Finance In India

  3. What is a Home Loan? Home Loan or funding in the project to the buyer is one of the most important factors for the sales of the property. • 95% of the properties are bought on home loans, with the increase of all white transactions in Indian market some of the buyers are forced to take home loan as they don’t have sufficient money to pay the builder. • Normally the loan provided in case of a residential property is maximum up to 75% of the property value and in case of commercial loan property it is around 60% of the property value. 

  4. What are the different types? Through a Home Loan, one can purchase or construct a new house/ apartment; a Home Improvement loan is offered to those who wish to renovate their houses; a Home Extension loan is for consumers planning to add extra space to their house such as a new room or a new wing; a Loan against Property is offered for a individuals seeking loan against an already existing property; a Land Purchase Loan is provided to consumers buying land as an investment, maybe to build a house later on and a Balance transfer loan is basically a home loansto pay off an existing home loan as this enables you to avail a loan with a lower interest rate.

  5. What are the types of interest rates? The Rate of Interest on home loans depend on repo rate, reverse repo rate & CRR (Cash Reserve Ratio), all the three are governed by RBI, changes in any of the three leads to the change in PLR (Prime Lending Rate) which leads to the change in rate of interest. • PLR is normally reset in every three months. Rate of interest are of three types – Fixed rate of Interest - which means that the rate of interest is fixed for entire tenure and is not affected by the change in PLR. • [Source: http://www.1stkeys.com/blog/27/know-home-loans-housing-loan-finance-in-india.htm]

  6. Follow us on : https://www.facebook.com/HDFCHomeLoanExperts https://twitter.com/HomeLoansByHDFC https://www.youtube.com/user/hdfcltd https://www.linkedin.com/company/hdfc?trk=top_nav_home

  7. Click to know more on Home Loans: https://www.hdfc.com/home-loans-salaried Thank You…

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