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Prepaying your home loan? Read this

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hoam loan
by on Sep 03, 2014 04:09 PM

hi my self shamim sheikh i'm working a pvt ltd company, my salary is 55000 per month but i getting salary in cash so how can i getting hoam loan.

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swaping of loan
by Manoj on Aug 10, 2014 04:25 PM

can we close house loan withing 2-3 month; as my brother is buying a land on circle rate which is lower than market rate and then I want to by same plot from my brother in market rate in order to pay complete money of land owner.

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srikant ambrish parikh
Home Loan
by srikant ambrish parikh on Jan 22, 2014 07:38 PM

Hi I am staying i am Mumbai.I want to take a home loan, but my property is in Mumbai and i want to take a home loan from Ahmedabad. can i do that.

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pavan k
Housing Loan when I am not india
by pavan k on Dec 30, 2009 05:09 PM

For short term, my brother went outof india. He would like to buy a house in India.
Is it possible for him to get a housing loan in india? If so what is the process to approach bank?

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jeetender kotwani
dear sir
by jeetender kotwani on Jul 10, 2009 06:41 PM  | Hide replies

iam jitu i want to buy a home but my monthly income is 10 thousand can i wht 10 lacs rupees
but to buy a flat i can pay only 3500/-per months not above that. Can you help me and which bank can give loan & with less interest
pls help me out .
thk u
jitu kotwani

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Re: dear sir
by Guest on Sep 11, 2009 01:19 PM
Hello Jitu,

The Home loan EMI should not be more than 40% of your take home, in your case it is 4000/- month.

Considering the present market synergies it would be difficult for you to get a loan.

So presently what you can do is live on rent, if you are not married share a room with your buddies and save minimum 5000 per month and put that money into a good mutual fund (You may try your luck with HDFC Top 200 or Magnum Contra ) and grow it for min 5 years. Hopefully in the mean time your salary also would increase. Then you plan to buy an apartment in the upcoming areas of the city you live in.


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piyush barbhaya
What is better?
by piyush barbhaya on Jul 06, 2009 10:53 AM

When going for particial payment, Banks gives two option -
1. You can reduce your EMI
2. You can opt for reduction of Tenure.

Can you please suggest, among above two option which one is better?

I have taken home loan from HDFC (Present rate of interest is 10%). I planning for particial payment every year.

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Bikash Poddar
I want a loan to purchase a flat
by Bikash Poddar on Jul 04, 2009 01:31 PM  | Hide replies

Hi myself prakash Poddar and i would like to inform you that i need a loan upto 5 lakh and presently i am working in a india infoline group and my designation is unit manager and my montly saried is 18000.00 per month and the question is arise whether should i get loan or not please tell me as soon as possible and if i get then what are the emi in a month

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vikrant bodke
home loan
by vikrant bodke on Jul 01, 2009 04:08 PM

I Buying a property in Thane which is valued 39lacs inclusive of Flat cost Parking Stamp duty & Registration charges Other Charges (these are not included in agreement value).
IDBI home finance is offering me 85% loan on the total values with a rate of interest 8.75%.
As told by IDBI home finance, it is the only bank which offers 85% loan on the total value whereas other banks will not offer on the 85% of the total value they will deduct the other charges of the builder.
Also I am getting an option of SBI to apply for the same but again I have to bear the processing & other charges.
Kindly suggest that which bank will be better to go for and why other banks are not including the other charges of the builder.
Also can you provider any insights on the difference between monthly reducing and daily reducing basis home loan?

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Nitin Sharma
Home loan co-Applicant eligibility
by Nitin Sharma on Jul 01, 2009 03:52 PM  | Hide replies

Dear Sir,
My father, retired from central govt service, took Home Loan from HDFC in 2009 and I am the co-applicant for the same. As my father is not declaring home loan for tax saving, am I eligible to take advantage of tax benefit from home loan for the total principal and interest paid annually?


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Nitin Sharma
Re: Home loan co-Applicant eligibility
by Nitin Sharma on Jul 01, 2009 03:54 PM
Also would like to know, whether I will be eligible to take another Home loan on my name during the current home loan tenure and can get the benefit in Tax savings too??


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Re: Home loan co-Applicant eligibility
by Daxmath on Sep 11, 2009 02:50 PM
If the loan is in your Fathers name , the son wont be able to claim the Tax benefits.


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senthil hari
Do I have eligibility to apply homeloan for the mothers property
by senthil hari on Jul 01, 2009 03:50 PM

Im Ram, a salaried employee. We have a 550 sq feet individual home at coimbatore which is registered in my mothers name.I want to apply for a home loan to construct the First floor. Do I have eligibility to get homeloan in my name so that I can have tax excemption.



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