Union Bank of India Home Loan

Union Bank of India Home Loan is one of the convenient loan programs that you can avail if you are thinking to finance a home. With a wide range of home loan terms, the bank has assisted a large number of low and moderate income home buyers in getting the home of their choice. Union Bank of India home loans can be obtained for a number of purposes. You can get this loan amount to purchase or construct an independent house or a flat, to make repair, extension and improvement in existing house, to repay existing loans obtained from other housing finance company, or to buy sold plot by government agencies like HUDA and HOUSEFED. Union Bank of India Home Loan Rate of Interest The bank offers competitive interest rates with its home loan programs and they have affordable loan options for every income group. On the other hand, it is essential for the borrowers to track the rate of interest in order to find the best available deal. The following is a chart showing the interest rates applicable on various loan terms from 15th February 2010.

Corporation Bank Home Loan

Corporation Bank Home Loan is one of the best loan products offered by the Bank to a large number of low and moderate income homebuyers. The bank has assisted many first time home buyers in getting the home of their choice. Home loans from Corporation Bank can be availed for a number of purposes that include; Construction of new house/flat or purchase of already built house/flat. Repairing, renovating, improvement or extension of existing house/flat. To take-over housing loans financed by other banks or institutions. Corporation Bank Home Loan Rate of Interest Corporation Bank offers competitive interest rates with their home loan programs. However, the rate of interest will differ depending on the amount of loan and the repayment tenure. The following chart shows the home loan rate of interest that has been effective from 4th May, 2009.

CorpHome (Floating rate) Upto Rs. 30 lakh TENOR Floating Upto 5 years 8.75% Above 5 years & upto 15 years 9.50% Above 15 years & upto 20 years 9.75% Above 20 years & upto 25 years 10.25% CorpHome (Floating Rate) Above Rs.30 lakh & upto Rs. 50 Lakh Tenor Floating Upto 5 years 9.50% Above 5 years & upto 15 years 10.00% Above 15 years & upto 20 years 10.50% Above 20 years 10.75% CorpHome (Fixed Rate): Loan Amount Fixed rate Loan upto Rs. 30 lakh 11.00% Loan above Rs.30 lakh & Upto Rs. 50 Lakh 11.50% Loan above Rs. 50 Lakh 11.50% Corporation Bank Home Loan Eligibility Obtaining the home loan amount involves some eligibility conditions which the borrowers are required to fulfill in order to get the approval. First of all, applicants for home loan must be residents of India, NRIs or PIO holding Indian Passport that conforms to common borrower standards. It is essential for the borrowers to have independent or stable source of income. At the time of application, the borrowers must be of at least 18 years and not more than 60 years. Joint holders of the property should be included as co applicants for the loan term. The home loan amount is determined by the repaying ability of the borrowers and the area of their residence. For instance, a maximum loan amount of 500 lacs and 30 lacs for site purchase can be availed in Metro and Port Town Centres. For borrowers in urban areas, loan amount of 50 lacs and 15 lacs for site purchase is available. If the applicant resides in semi urban or rural centers, he can get a maximum of 25 lacs and 10 lacs for purchase of site where the house will be built. On the other hand, Corporation Bank offers home loan insurance that comes with the loan itself. The bank also offers home loan calculator through which borrowers can find the best available loan term that they can afford. For further information on loan margin, repayment period, security and EMI, visit the official website of the bank.

Corporation Bank Corporation Bank offers a range of home loan programs having affordable rates and repayment terms. Find the eligibility conditions of the loan terms. Website:http://www.corpbank.com/asp/0100text.asp?presentID=54

HDFC Bank Home Loan

HDFC Bank Home Loan is one of the best available loan options that one can obtain to finance a home of his choice. With more than 200 home loan branches and 90 outreach programs, the bank is able to offer home loans in 2400 different locations of India. HDFC Bank has already helped more than 33 lakh customers and its home loan counselors have been into this business for over 30 years. The following are some of the benefits that come with HDFC Bank home loans. Wide range of loan options to choose from Various affordable repayment options Huge network of financing Door step facilities Home loan counseling Wide product range Post disbursement services, etc HDFC Bank Home Loans

The bank offers home loan for every type of individual having unique financial condition. HDFC Bank provides a range of home loans that include home improvement loans, home equity loans, home extension loans, short term bridging loans, loans to professionals and loan against rent receivables. You can obtain a home improvement loan to use the loan amount in a number of purposes like external repairs, tiling and flooring, waterproofing and roofing, internal and external painting etc. On the other hand, a home loan extension loan is what you need to add some space or extend your home. The loan amount can be used to add an additional room, enclose an open balcony or build a larger bathroom. HDFC Bank Home Loan Rates HDFC Bank offers competitive home loan interest rates and the loan programs are available in fixed as well as adjustable rate options. The interest rate and repayment amount remain fixed during the entire loan term in fixed rate home loan. However, under adjustable rate loan, the interest rate will be revised after every three months since the first disbursement. The EMI will remain the same but, the interest component of the EMI may decrease or increase depending on the market conditions. One can call the Home Line Numbers of HDFC Bank in different cities to know the latest home loan interest rates. These Home Line numbers can be easily found from the bank website. HDFC Bank Home Loan Calculator Two different types of home loan calculator, EMI and Eligibility calculators are made available by the bank. You can use home loan EMI calculator to calculate the monthly EMI of a particular home loan program. Several inputs such as the loan amount, repayment period and interest rate of the loan should be offered in order to make the EMI calculation. On the other hand, an eligibility calculator can help you find whether you will be eligible for a home loan program or not. Home loan eligibility condition will vary depending on the type of loan, loan amount and the credit and income conditions of the borrowers. In all the loan options, borrowers are required to earn a regular income from a stable job. HDFC Bank home loan application form is available online on its website and you can download it without any hassles. Home loan branches of the bank are located in almost all the metropolitan cities of India such as Pune, Bangalore, Mumbai, Delhi etc. HDFC Bank also offers its online services with its home loan products. After obtaining a home loan account, you can register with the bank website and get user ID and password to make home loan login. With online services of the bank, borrowers can check online home loan statement and make fast login to pay monthly payments. HDFC Bank also offers home loan for NRI and borrowers can get more comprehensive loan details through HDFC Bank home loan customer care service team. Get the customer care contact numbers from the official bank website to make complaints or to get details on home loan application procedure. For further details on HDFC Bank Home loan insurance and loan schemes, logon to the bank's website.

HDFC Bank HDFC Bank offers a variety of home loan programs at best possible interest rates. Check the features of different loan terms. Website:http://www.hdfcindia.com/loans/home-loan.asp