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  • Apartment For Sale in Poonam Residency-II, Nr Spencer Super Market, I.C.Colony, Borivli West.

    [photo:listing:909576] Spacious n Elegant 2 Bedroom Home • 950 sq. ft., 2 bath, 2 bdrm apartment "Stilt + Seven Storeys" - MLS® #103103100   Rs4,800,000 INR - VALUE 4 ur Hard Earned Rupees I.c.colony , Borivli  -  Centrally Located, on Holy Cross Road. Near Spencer Super Market Spacious n elegant ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on October 2, 2007
  • Home Loan Rejected ?

    Prashant had applied for a home improvement loan of about Rs 1.5 lakh. His loan application was rejected and he never got to know the reason why. Prashant is not alone. His colleague, who applied for a home loan to the tune of Rs 30 lakh, had no bad credit history and was drawing a decent salary. His loan application too got rejected despite ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on March 12, 2007
  • Home loan options for NRIs

    Many organized banks and HFCs, offers home loans to NRIs and PIOs taking into account their expectations and choice on the type of loan they require. This is good news for NRIs and PIOs who would like to invest their hard earned money back in their home country. A significant number of financial institutions have designed various home loan schemes ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on February 18, 2007
  • How to manage Margin Money for your Dream Home ?

    With salary levels zoomiing to statospherical levels, its no surprise that the salaried class is being wooed by HFC's for fancy home loan packages. And its been a complete circle. People can now afford to buy luxury homes due to this BigHome Loans that are offered by HFC's. But for many, the problem is to bring in margin money to the tune ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on January 22, 2007
  • Home loan terms you must know

    Taking a home loan? Don't get floored by the jargon. Here's a list of some of the terms used and what they mean. Down paymentWhen you take a loan, the home loan company will, in most cases, not put up the entire amount. It will only put up around 80% to 90% of the cost of your home. You will have to put in the balance 20% or 10%. Even if ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on January 22, 2007
  • No more Pre-Sanctioned Home Loans : What Next ?

    Now, banks stop giving in-principle loan sanctions on central bank directive. Don’t be surprised if your neighbourhood banker suddenly starts asking more questions before sanctioning your housing loan. Following a Delhi High Court order, the Reserve Bank of India (RBI) recently issued a directive asking banks to check the reasons a ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on January 22, 2007
  • Home Loans breach the 10% Mark.. Where do we go from here ?

    Floating interest rates have surged up by three percent and millions of housing loan customers has begun to pay a heavy price. A customer who was paying 7.25 percent for his floating home loans just over a year ago is today forking out as much as 10.25 percent. There is more bad news from the banking industry. "Interest rates are likely to ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on January 22, 2007
  • Property Buying in India for NRI's

    There has never been a better time for NRI's to buy realty in india, than now Not only have construction standards up the ante, bigger complexes and layouts today give the same ambience and lifestyle homes that most of the developed countries worldwide. And if you look at the fundamentals ruling the realty market, India is an emerging blue ...
    Posted to Ramprasad Padhi (Weblog) by 434400 on January 9, 2007
  • Govt plans on housing loan sops for urban poor

    Economic Times, NEW DELHI: The Centre has planned a New Year bonanza for the urban poor. To ensure shelter for the marginalised in big cities, the housing ministry has finalised a scheme aiming to extend subsidy of 5% on market rate of interest on housing loans for a period of five years for economically weaker sections (EWS) and low income ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on January 8, 2007
  • Are Fixed Rate Home Loans really Fixed ?

    DNA - Vivek Kaul Wednesday, January 03, 2007  Home loan interest rates have been on their way up for some time now. Individuals who had taken a floating rate home loan have seen their interest rates increasing. In some cases, the floating interest rate has gone beyond the interest rate that had prevailed on a fixed interest rate ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on January 7, 2007