Comparison of Housing Loan Companies in India

In India, we can find a majority of middle class peoples and these people are often found to be building or purchasing houses or apartments to live in. we can see houses under construction almost everywhere nowadays. The money to build these homes is mostly obtained through housing loans in India. Therefore we can say that housing loans in India have become inevitable for buying or constructing or renovation of a home or apartment. We can find a number of housing loan providing companies in India for Indian residents as well as for NRIs to construct a home, to buy a home or plot to build house, or to renovate or refurbish a home. Let’s go through some housing loan comparisons in India.
Housing loans are provided in India for a long period to repay the loan, most probably up to 20 years. The interest rates also vary from city to city as well as company to company. The interest rate may also depend on the time taken to repay the loan amount. The home loan lenders in India first of all will go through the financial status of the customers who require the home loan before providing it. This is to ensure that the customers could pay the installments in time.
Bank of India provides a popular housing loan, star home loans which provides loans to Indians to purchase a plot for construction of a house, to construct a house or flat, to purchase a house or flat, furnishing of house, renovation or repair or alteration or addition to house or flat as well as for the takeover of customers housing loan extended by other banks or F.Is or NBFCs, all these at highly flexible and liberal terms and conditions.
SBI or state bank of India is one of the most popular as well as trusted bank in India and it provides housing loans for the Indian residents as well as for the NRIs. SBI housing loan schemes are designed in such a way as to make it as simple as possible for its customers.
PNB or Punjab national bank is another renowned bank in India which also provides housing loan. PNB housing loans can be availed fast with friendly and the most convenient home loan schemes. Home loans in PNB are provided for the construction or purchase of house or flat or for the purchase of house or flat on first power of attorney basis from the original allottee and for carrying out repairs or renovations or alterations or additions to the existing house/flat.
HSBC also provides home loans which make it easier for you to move in as soon as possible without putting a strain on your financial condition. HSBC provides home loans ranging from 5 lakhs to 3 crores.
There are a number of other banks in India which provides housing loan and some of them are Citibank standard home loan, Dena niwas housing finance scheme, standard chartered India home loans and much more.
So, we came across some comparison of housing loans provided in India by the various banks. So, what are you waiting for? Go grab your home loan from the best bank with reasonable rates.

Housing Loan in India                  Home Loan in India

Housing Loans in India

In India, we can find a majority of middle class peoples and these people are often found to be building or purchasing houses or apartments to live in. we can see houses under construction almost everywhere nowadays. The money to build these homes is mostly obtained through housing loans in India. Therefore we can say that housing loans in India have become inevitable for buying or constructing or renovation of a home or apartment. We can find a number of housing loan providing companies in India for Indian residents as well as for NRIs to construct a home, to buy a home or plot to build house, or to renovate or refurbish a home.
Housing loans are provided in India for a long period to repay the loan, most probably up to 20 years. The interest rates also vary from city to city as well as company to company. The interest rate may also depend on the time taken to repay the loan amount. The home loan lenders in India first of all will go through the financial status of the customers who require the home loan before providing it. This is to ensure that the customers could pay the installments in time. So, all the appropriate documents regarding your earnings have to be provided to apply for housing loans in India.
There are some eligibility criterions for the borrowers of housing loans in India among majority of the housing loan companies. They are;

• The borrower must be an Indian resident or NRI
• Above 21 years of age during the commencement of the loan
• Below 65 when the loan matures
• Either a salaried or a self employed person

There are a variety of home loans provided to Indian citizens by the loan companies. Some of them are; home purchase loan (to buy houses/flats/apartments), home improvement loan (for repair works and renovations to your home), home construction loan (for the construction of new homes), home extension loan (for expanding or extending an existing home), home conversion loan (for those who have a current home loan and require additional fund to move in to a new home), land purchase loan (for purchasing land for home construction or investment purposes), bridge loan (for the people who wish to sell the existing loan and buy a new home. The bank finances for the new home until a new buyer is found for the old home), refinance loan (helps to pay off the debt you have incurred from friends relatives and other private sources for the purchase of your present home), balance transfer loan (helps you pay off a home loan with higher interest rate and avail a home loan of low interest), stamp duty loan (to pay the stamp duty amount for the purchase of a property) and loans to NRIs (for the NRIs who wish to buy or build a new property).

Normally, the interest rate for housing loans in India varies around 9.25% to 12%. Along with the interest rates and the loan amount, there are some extra charges accompanied with the home loans. Some of them are the processing charges, commitment fees, pre-payment penalties and other miscellaneous costs.
For Indians, it’s not a big deal nowadays to build a new home with the availability of housing loans from the many reputed housing loan companies in India.

Home Loan in India           Housing Loan in India

Indiabulls Home Loan – The Faster Home Loan Providers in India

In India, we can find a majority of middle class peoples and these people are often found to be building or purchasing houses or apartments to live in. we can see houses under construction almost everywhere nowadays. The money to build these homes is mostly obtained through housing loans in India. Therefore we can say that housing loans in India have become inevitable for buying or constructing or renovation of a home or apartment. We can find a number of housing loan providing companies in India for Indian residents as well as for NRIs to construct a home, to buy a home or plot to build house, or to renovate or refurbish a home.
Indiabulls housing finance limited is one of the fastest growing NBFCs in India. This financing company is setting new benchmarks of brilliance in customer service. Indiabulls has recently announced its landmark plan of providing home loans in just 48 hours of time. With their latest scheme, they have come to the place of one of the fastest home loan providers in India. They have been delivering on its commitment to provide super efficient, quick and low cost home loans solution.
Indiabulls housing finance limited provides quick loan disbursals and a comprehensive range of value-added services. Indiabulls believes in making a deep personal relation with each of its valued customers who avail housing loans from there. The client interface at indiabulls doesn’t end just by granting the loan, but, they provide complete end – to – end solution for their special customers for all their home loan worries in all the fastest possible ways.
At indiabulls, you can avail and enjoy the key advantages like; the dedicated relationship manager, upfront sharing on total loan eligibility, priority services, a wide array of vast pre-approved projects so that you can be problem free of the legal as well as technical issues, easy online access to your home loan account, SMS updates on the file progresses.
Indiabull home loan schemes are available in about 140 towns and cities across India with legal and technical advisory to customers and door step loan services to identify and buy new homes as per their needs, supported by preapproved loans and customized EMI offerings by indiabulls.
Indiabulls housing finance limited issues the home loans in 48 hours and it is subjected to the submission of the complete documents by the customers at the time of file login.

Home Loan in India                    Housing Loan in India

LIC Housing Loans in India

LIC or Life Insurance Corporation is a well established name in the financial field of India. It is also one of the most trusted brands for financial solutions in India. LIC housing finance limited is a part of LIC providing housing loans to the customers in order to fulfill their dream of having a house or apartment of their own. It has been established on 1989 and has been serving their customers to build or reconstruct their homes since then. This service has been preferred by most of the Indians due to the reliable brand name it has in the market.
Housing loans provided by LIC is quick as well as hassle free. LIC provides housing loans facilities for the construction or purchase of flats or apartments or houses. One could also use LIC housing loans for renovating or reconstructing their residence. LIC housing loans are offered on long term basis as well as the interest rates are also low. LIC provides numerous housing loan options for individuals and the customers can select a housing loan from LIC based on the preferences and criterions. Some of the home loan schemes offered by LIC are:
Griha Lakshmi – this is one of the best home loan plans offered by LIC and this plan is strictly applicable only to Indian residents. This plan is offered at competitive interest rates and its tenure period can be 15-20 years.
Griha prakash – the minimum loan amount that can be sanctioned under this plan is 1 lakhs and the maximum loan amount can be up to 85% of the entire cost of the property. This loan plan is applicable for purchasing, constructing, amplification, restoration or for buying a land to construct a house. The tenure period for this loan plan can be of maximum 20 years.
Griha sudhar – this housing loan plan offered by LIC is specially designed for the reconstruction or refurbishment of housing property. The maximum loan amount that can be borrowed under this scheme is around 10 lakhs and the interest rate varies from city to city.
Griha shobha – Griha Shobha is a housing loan scheme offered by LIC, especially for the Indians who are settled in abroad. The minimum loan amount for this scheme is around 5 lakhs and the tenure period to repay the loan can be from 10 – 15 years. This scheme includes the construction, renovation and purchase of housing property.
There are some criterions to enjoy the LIC housing loans. They are;

• The minimum annual income required to avail the housing loan from LIC is 1.5 lakhs.
• Housing finance is provided to NRI’s also if they provide their valid Indian passport.
• To enjoy the LIC housing loans, salaried employees should be of the age group 25 -58 years and self-employed individuals should be between 21 – 70 years of age.

LIC of India offers housing loans at very attractive interest rates. They are not only affordable to the customers but also easily repayable. The fixed interest rate charged by the bank for a period of 0 -20 years is 10.5% – 11% per annum. The floating rate of interest charged by LIC is 9.5% per annum.
Now it’s not an impossible task to earn a home with the housing loans offered by LIC.

Car Logbook Loans Explained

Car logbook loans refer to a loan scheme by which you can borrow money by keeping your logbook in hands of lenders. Logbook refers to a vehicle registration certificate issued by Driving and Vehicle Licensing Agency (DVLA) in the UK. A logbook is valid till 5 years and contains entries regarding owner of the vehicle, registered keeper of logbook, chassis number, current registration mark, engine number, model and colour of the car. If you think that once you have kept your logbook as collateral you won’t be able to drive your vehicle than you are completely wrong. No such restriction is there and you can freely drive your vehicle to any place.
Credit score is considered to be an important element by lenders in UK while lending money to the borrowers. The best thing about car logbook loans is that it does not involve credit check. So, whatever may be your credit rating you need not worry, you are eligible for a logbook loan if you meet the above criteria. Problem cases such as people who have faced CCJs, bankruptcy can also apply for this loan.
Logbook loans can be borrowed from banks or financial institutions. But, if you are looking to get a fast and best logbook loan, you can apply for it from online lenders. Online loans offer the convenience of applying for the loan and saves time and money. A borrower can access infinite number of online lenders by using the internet from home or office. You can drive with the pleasure without any restriction and obligations by the lender.

Car Logbook Loans

The car logbook loans are loans that are attained against the car logbook of the borrower. The logbook is a manuscript that includes the car details, the registration point, car’s VIN number, the details about the owner and the frame number. The Driver and Vehicle Licensing Agency offers the logbook document to the car owner. These are secured type of loans where the borrowers can keep the security with themselves. Therefore, there is no risk associated with the car logbook loans.
Your own car becomes a vehicle of taking log book loans. The loan is offered by the lenders on the basis of the logbook of your car. Logbook is a document containing detail of car current registration mark, VIN number, chassis number and information about registered keeper of the logbook. Logbook document is issued by Driver and Vehicle Licensing Agency.
These loans demand logbook as security and hence it is easier to get money. Collateral for logbook loans is the logbook of your car. These loans are available for amounts ranging from £500- £50,000. Borrowers who want to have a logbook loan need to fulfill certain basic criteria.The vehicle must not be more than 8 years old. The vehicle must be clear of any finance that is remaining unpaid, or where the vehicle ownership has already been pawned for other loans. Taxes and insurance due on the vehicle must be paid in full before the vehicle logbook is pledged for logbook loan.

Turn Your Auto into Hard Cash with Logbook Loans

Logbook loans also known as V5 loans are perfect for UK residents that need to get hold of money quickly. During financial emergencies, your car can help save you from monetary crunches. Lenders will keep the logbook of the borrower’s car which is known as the vehicle registration certificate (VRC). This type of logbook loan is ideal only for those who can pay their debts at the agreed time; otherwise the lender has the right to repossess the vehicle of the debtor even without the order of the court. This makes it easier to distinguish logbook loans from car title loans.
Why Logbook Loans
A logbook loan is considered notorious because of the high interest rates. In some cases, lenders provide unreasonable terms and conditions. Although this is iniquitous for some, there are a number of reasons why logbook loans are still favored by borrowers. Unpredictable emergencies may have gotten us ill-prepared for financial woes. Our bank accounts cannot help us either which is why such loans are crucial during times of need.
This type of logbook loan is for short term requirements only. It can assist us in getting through with the short expenses. If you have a car, you can use logbook loans to obtain money. The debtor is free to exploit the logbook loan money to pay for school fees, grocery bills, hospital bills, home improvement, car repair and credit card dues among others.
Application Process Constraints
There are lenders that you can visit at their offices to learn more about their logbook loan prerequisites. There are also online firms where you can borrow money from. Though companies have different terms and conditions for logbook loans, they usually require the borrower that he or she is a permanent resident of the United Kingdom. A logbook loan also requires that you are at least 18 years old and posess a car that is not above 8 years old.
Having a permanent source of income as well as a valid bank account is mandatory for a logbook loan. There is no specific type of car that you have to own. Therefore, you can use a van, truck, caravan or whatever you may have at your garage as long as it meets the age requirement. These firms will look at the car’s ongoing dues so it is crucial that payments are nonexistent at the time you borrow money for logbook loans. Furthermore, the vehicle should not be restricted by any judiciary or administrative law. You might also be compelled to present other documents such as MOT certificates, residential proof, income proof and other account details to get quick approval for your logbook loan application.
Quick Helpful Cash
Probably the best thing about logbook loans is the fact that the borrower can get the money that they need in as little as 15 minutes. You can find online sites that match the amount of money that you call for. Some provide £200 of cash assistance while others give as much as £50,000. In addition, those with bad credit history with arrears, foreclosures, defaults, IVA, declared bankruptcy and late payments can still get fast logbook loans.
To avoid problems in this scheme, you are given the choice to pay the money you have borrowed on the same day. This is convenient for those who only loaned money to pay for groceries or other sudden necessities. This is often compared to payday loans because these two almost have the same concept except that you will be using your car as collateral in logbook loans.
If you follow all the rules and the conditions set by the lending company for a logbook loan, you will not face issues such as repossession. It is definitely a handy system because you can apply for a logbook loan 24/7 at the comforts of your home.