taken Rs 1 lakhs Home loan 2004 at 7.5% floating rate or - .25% for 120 installment and paid 120 installment But ICICI asking further 50 installment to pay. How it is ? How much amount additional i have to pay
I am proposing to have a home loan from either SBI or from LIC housing amounting to Rs 11,00,000. It is seen that SBI is offering 10.25 rate of interest(floating) for a term of 20 years with 0.10 rebate who has an account (Salary) with SBI. On the other hand sofar rate of interest of LIC is 11.50 for a term of 20 years (flooating). Apperently it looks good to take a loan from SBI being a central govt employees having salary and all others is connected with SBI. But SBI is not so keen to offer me loan for a tenure of 20 years due to my age is 47(date of retirement 2021) but LIC is very co-operative to provide the loan and their speed of work of appciable moreover self is paying Rs. 2424/- pm as lic premium. Self is confused . Kindly advice.
I had a home loan applied for in 2005 for 10laks,with floating 7.75 Interest rate. As of today(Nov2008) this is now 13.25% for more 442 months. What should I do to minimize this. My Monthly EMI has been raised from 8210 Rs in Sep 2005 to 10669 in nov 2008.
