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Latest Trends in Home Loans Bangalore:-

In year rates touched 11% due to many hikes pushed by RBI actions on liquidity etc. In another major move the regularity body on home loan issues guidelines to housing finance companies to go away with prepayment charges.

The housing finance companies did and some Banks also had to follow the step of giving away prepayment charges.

 
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Banks ICICI Bank HDFC Ltd HSBC Bank Axis Bank
Rate of Interest 10.5% - 11.5% 10.75% - 11.75% 11% - Regular Home Loan
11.50% - Smart Home
10.75% - 11.25%
Processing Fee 0.50% 0.5% plus applicable service tax and cess 10,000 plus service tax & cess 1%
Loan Amount Rs.8,00,000 - Maximum
80% of the Cost of the Property
(Subject to Income Eligibility)
80% of the Cost of the Property
(Subject to Income Eligibility)
Maximum upto 10 crores
(Subject to Income Eligibility)
Rs.1,00,000 - Rs.2,00,00,000
Prepayment Charges Rs.10,000 - or 2% If 25% of outstanding amount is paid within 3 years - No Penalty , otherwise 2% of outstanding amount NIL upto 25% of the loan amount sanctioned in every financial year & at a pre-payment charge of 3% for any excess amount. Nil

Disclaimer: Deal4loans.com doesn't provide Loans on its own but ensures your information is sent to bank which you have opted for. Deal4loans has no sales team on its own and we just help you to compare loans .All loans are on discretion of the associated Banks.
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Disclaimer: Information is sourced from respective Banks websites. Deal4loans.com doesn't provide Loans on its own but ensures your information is sent to bank/agent which you have opted for. Deal4loans has no sales team on its own and we just help you to compare loans .All loans are on discretion of the associated Banks/Agents. Read More
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