Need Information On Home Loans....!

[lion]

Iam Planning buy a home in India....banks home loan ela offer chesthai ,interest percent entha,ee bank better emina idea unte chepandi guys..
I greatly appreciate your time..!!!!

[golmaal govindam]

[BENDU_APPARAO]

[quote name='lion' timestamp='1341545688' post='1302086325']
Iam Planning buy a home in India....banks home loan ela offer chesthai ,interest percent entha,ee bank better emina idea unte chepandi guys..
I greatly appreciate your time..!!!!
[/quote]


thala pagalagotukovali antee eee rayi ainaa okatee ......

nuvvu US lo unteee they consider you as NRI ... students ki ivaru .... nee paystubs last 1 year vi undali (NRI laki) .....


inka interest 2 types untayi .. FIXED and FLOATING ani ...... FIXED antee market tho sambandam lekundaa neeku interest rate FIXED anna mata (koni situations lo bank has the rights to change the FIXED interest rate )

FLOATING anteee based market interest rate change avuthaa untundi ...... so consider all these factors ...... ippudu unna situations lo FIXED baguntundi anukuntuuna (icici dhi around 11% undi ) ......LIC Housing , HDFC lo annitikana manchi deals untayi .... so try for that

nuvv home loan theskuni ... oka 2-3 years lo money unteee ... appudu motham pay chedam annukunna penalty katalsi untundi for early payment of u r loan ..... plan accordingly

all the best mama

[BENDU_APPARAO]

mama ee site lo chudu interest rates kosam .....

[url="http://www.housingindia.info/NHBHomeLoanRates.aspx"]http://www.housingin...eLoanRates.aspx[/url]




[url="http://www.deal4loans.com/home-loans-interest-rates.php"]http://www.deal4loans.com/home-loans-interest-rates.php[/url]

[kotha thread]

[quote name='BENDU_APPARAO' timestamp='1341546514' post='1302086412']


thala pagalagotukovali antee eee rayi ainaa okatee ......

nuvvu US lo unteee they consider you as NRI ... students ki ivaru .... nee paystubs last 1 year vi undali (NRI laki) .....


inka interest 2 types untayi .. FIXED and FLOATING ani ...... FIXED antee market tho sambandam lekundaa neeku interest rate FIXED anna mata (koni situations lo bank has the rights to change the FIXED interest rate )

FLOATING anteee based market interest rate change avuthaa untundi ...... so consider all these factors ...... ippudu unna situations lo FIXED baguntundi anukuntuuna (icici dhi around 11% undi ) ......LIC Housing , HDFC lo annitikana manchi deals untayi .... so try for that

nuvv home loan theskuni ... oka 2-3 years lo money unteee ... appudu motham pay chedam annukunna penalty katalsi untundi for early payment of u r loan ..... plan accordingly

all the best mama
[/quote]
[quote name='BENDU_APPARAO' timestamp='1341546685' post='1302086436']
mama ee site lo chudu interest rates kosam .....

[url="http://www.housingindia.info/NHBHomeLoanRates.aspx"]http://www.housingin...eLoanRates.aspx[/url]




[url="http://www.deal4loans.com/home-loans-interest-rates.php"]http://www.deal4loan...erest-rates.php[/url]
[/quote]


[img]http://www.gifsoup.com/view2/1906073/tanks-o.gif[/img]

[AttiliSatti]

gp

[computaboi]

[quote name='BENDU_APPARAO' timestamp='1341546514' post='1302086412']
thala pagalagotukovali antee eee rayi ainaa okatee ......

nuvvu US lo unteee they consider you as NRI ... students ki ivaru .... nee paystubs last 1 year vi undali (NRI laki) .....


inka interest 2 types untayi .. FIXED and FLOATING ani ...... FIXED antee market tho sambandam lekundaa neeku interest rate FIXED anna mata (koni situations lo bank has the rights to change the FIXED interest rate )

FLOATING anteee based market interest rate change avuthaa untundi ...... so consider all these factors ...... ippudu unna situations lo FIXED baguntundi anukuntuuna (icici dhi around 11% undi ) ......LIC Housing , HDFC lo annitikana manchi deals untayi .... so try for that

nuvv home loan theskuni ... oka 2-3 years lo money unteee ... appudu motham pay chedam annukunna penalty katalsi untundi for early payment of u r loan ..... plan accordingly

all the best mama
[/quote]

It is not legal to charge customer for pre-payment on home loans- Hight court judgement 2011/2012
SBI - fixed interest rate 10.5% till this october

Overseas customers should submit their credit report from credit rating agency.
In some cases they ask for letter from Indian embassy -don't know why but I feel like taking it too far.
6 months payslips & bank statements
Utility bill , passport , visa etc
offer later
should be in continuous employment since last 2 yrs
In india they now have credit history checking as well,, called some ....report which tells bankers your credit history.
Loan is sanctioned on the basis of your salary- obviously
Bank can approve Upto 85% of your total home cost, bear in mind it is the value you show on agreement/registration copy.
for eg: if you purchase house 10 lakhs worth- they can give you a max of 8.5 L

Your loan amount is calc as below ( I think)
annual Salary-10 lakhs INR
They will remove 50% for your expenses
remaining 5L, will lookout for any already existing deductions like car loan, personal loans
if you have 10,000 coming out for your CL already then your remaing balance will be 3.8L
they will calc your loan on basis = remaing balance X repayment period
3.8 X 15 years
after deducting your deductions a final judgement will be made on how many yrs you want your repayment to be etc..

above is my understanding only not to be considered as professional advice, please correct me if I am wrong.

[chinni005]