Get the Right Home Loan Policy - PowerPoint PPT Presentation

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Get the Right Home Loan Policy

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Finding the right home loan can be quite a challenging task. With the variety of banks and financial institutions all offering home loans, how do you know their differentiating factor? By keeping in mind certain factors while selecting your home loan, you will be able to find a home loan that is suitable for you. – PowerPoint PPT presentation

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Title: Get the Right Home Loan Policy


1
Are you Choosing the Right Home Loan Policy ?
2
Planning to buy your dream home
Do I have enough finance to buy new house, else
how can I arrange the finance

3
Should I go for Gold Loan ?
Should I go for Mortgage Loan ?
??????
OR Should I go for Home Loan ?
4
Can Gold Loan suit my need?
  • Gold Loan which will help me to draw immediate
    cash by keeping my gold ornaments and jewelry.
  • Interest Rate for Gold Loan 12-16 per annum.

5
Can Mortgage Loan suit my need?
  • Mortgage Loan Which will help me to have
    finance by keeping my land or property as
    security at bank and borrow the money.
  • Interest Rate for Mortgage loan 13 - 14 per
    annum.

6
Can Home Loan suit my need?
  • Home Loan The most preferred finance scheme.
    This is mainly because banks provides -
  • Low interest rates
  • Maximum amount
  • Maximum tenure
  • Low EMI amount
  • No prepayment charges
  • Low or free from processing fee
  • No additional charges
  • Easy guidelines and very little security involve.
  • Interest Rate for Home loan 9 - 10 per
    annum.

7
Home Loan Eligibility.
  • Home loan eligibility is decided by customers
    repayment capacity .
  • Repayment Capacity Based on Factors Such as -
  • Income,
  • Age, qualifications
  • Number of dependants,
  • Spouse's income
  • Assets, liabilities, stability and continuity of
    occupation and savings history
  • Usually calculating monthly instalments is quite
    a challenge for loan borrowers. Tools such as a
    home loan Emi Calculator make it easier to
    calculate the equated monthly instalment amount.

8
Best Home Loan Providers
  • A customer who is trying to find the
    bank/institute offering the best home loan should
    look for banks like
  • SBI Bank
  • HDFC
  • LIC Housing
  • Axis Bank
  • ICICI Bank
  • IDBI

9
(No Transcript)
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