Skip to main content

Attractive Special Offers on Home Loans



Attractive Special offers  on home loans, a  regular feature of advertisements by housing finance companies.  Whenever we see advertisements regarding home loans it is widely publicized as low interest rates, cheap loans, best deals for home loans or also as best options for home loans. We also have come across certain offers that are advertised as offers for special categories and limited offer.
During certain times of the years there are special offers for professionals like doctors, teachers, lawyers or freedom fighters. Here the financial institution offers home loans to these categories on a special low interest rate amounts and also tenure may be adjusted for a longer time of repayment hence coming to an understanding of lower EMI’s.
These offers may correspond to certain festivals or certain month’s e.g. like doctors day, teacher’s day. So some institutions offer bonuses and concessions for professionals during a decided period of time corresponding to these occasions. Festival offers are also the most attractive offers where lenders may be willing to part with many factors on deciding the EMI, and give an attractive and difficult to refuse offer.  Some may do away with the administrative charges, while other may take the responsibility of transfer of property agreement on their part. Some may negotiate the rate of interest whereas some may reduce the processing fees.
Home Loans Simplified Facts
One must be in look out for such offers before going in for a purchase of house and applying for a home loan. There are many advantages and though you have to pay the loan and EMI it  is always a bonus to have bargained and got a lower offer for the same loan amount. Government banks and financial institutions also give certain concessions and facilities which can be found out before applying for a home loan.
And very important to remember that the lender is willing to negotiate on the calculations and thus one must do a thorough survey of the available offers in the market and then decide the best payable amount monthly for loan repayment.

Comments

Popular posts from this blog

Washington Home Loans

An interest-only loan has become a very popular choice of the many Washington home loans that are available.  What is making this type of loan so popular?  What other options are available to potential Washington home buyers. If you have a desire for a lower initial monthly payment, lower payments over shorter period of time, the possibility that if rates improve your rates could go down giving you lower payments, the fact you may qualify for even an even higher loan amount which would allow you to purchase a larger house than originally you thought this may be an option you should investigate.  There are a couple of other things you may need to consider.  Your payments may change over time.  There is also the potential for higher payments if the rates go up.  These interest-only loans normally interest only for a specific period of time.  The normal time is 4 to 11 years then the payment is raised to a normal level.  This type of an option c...

Get Easy Tax Concessions Bonus on Home Loans

Easy tax concessions are a added bonus with your home  loan. Purchasing a home has become the most sought   after   dream today. Our major salary can go in terms of repaying home loans. With property rates increasing day by day it is becoming more and more difficult to purchase a home even on loan. The principle amount is increasing and also the interest rate added puts a tight crunch on our monthly salary. Tax concessions and rebates come as a boon to lighten this burden a little bit. Is it possible to get tax rebate on the loan amount? Many of us are not aware that this is taxable income money and one can avail rebate on a certain amount. If all returns are filed regularly and all criteria for applying for a home a loan fulfilled then one can avail on tax rebate for a certain amount of the money taken as loan. The main criteria would be the loan has to be taken in the prior financial year and the project has to have a fixed date for completion. The possession of th...

NRI investing in property in India some Tips Best Time to Invest in property

Global Home Loans NRIs are making a beeline for investing in property in India, the reason is with an all time falling value of Indian Rupee they have to shell out less as in $. Though it seems to be the best time for investing in property in India every NRI must find out, enquire, and find the right source to get their deal on any property in India. There are many agents and land dealers who promise too get you the best deals and with their heavy commissions sell land with unclear title or dispute property without your knowledge. hence the first thing while thinking of investing in India is to contact a relative or friend and enquire before hand about the land, property , deals and in case you need about companies offering home loans to NRIs. The news also reports about the RBI loosening a bit on rules for NRIs  to encourage more investments in India. Home Loans Simplified Facts Agricultural land is not under the rules for investment , as of farm houses with farms, and the NRI nee...