Exactly What You Need To Do & How To Do It When Applying For A Home Loan (Before You Talk To A Lender)
When you apply for a home equity loan, lenders will look at your debt-to-income (DTI) ratio to help assess risk. Learn what DTI ratio you need to be approved.
A personal loan can provide much-needed funds for consolidating debt, home improvement and other necessities. Here's what you need to ask before taking one out.
If your business needs funding, a small business bank loan offers a good option, if you qualify. Here is what you need to know to get a bank business loan.
Loans Whether you want a bank loan to buy a car, improve your home or consolidate your existing debts, compare our loans to find the one that’s perfect for your plans
Loans When considering a loan, thinking about the interest rates, term length and any penalties will save you money on repayment.
Here's what you need to do to really get your Home loan accepted Buying a home is the biggest investment for most people in India. Nevertheless, several of them ask, What is the best time to invest...
Do you qualify for a personal loan? Learn more about what you need to get the best rates.
Type of fee, Applicable charges ; Rate of interest, 11% to 32% p.a. ; Processing fees, Up to 3.93% of the loan amount (inclusive of applicable taxes). ; Flexi Fee, Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below) Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000 Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999 Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999 Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999 Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999 Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999 Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999 Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999 Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above *All the Flexi charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. ; Bounce charges, Rs. 700 - Rs. 1,200 per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason ; Part-prepayment charges, Full pre-payment Term Loan : Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Part pre-payment Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part pre-payment. Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid . *Foreclosure will be processed post clearance of first EMI ; Penal charge, Delay in payment of instalment(s) shall attract penal charge of Rs. 8 - Rs. 12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. ; Stamp duty (as per respective state), Payable as per state laws and deducted upfront from loan amount. ; Annual maintenance charges, Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure. ; Broken period interest / Pre-monthly Instalment interest, Broken Period Interest/Pre-monthly instalment Interest" shall mean the amount of interest on loan for the number of day(s) which is (are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan. Method of recovery of Broken Period Interest/pre-monthly instalment interest: For Term Loan: Deduct from disbursement or added in first EMI, as applicable. For Flexi Term Loan: Added to first instalment amount. For Hybrid Flexi Loan: Added to first instalment amount. Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, interest on first instalment will be charged for actual number of days.
Learn more about mortgage documents you might need when applying for a home loan to ensure a smooth closing.