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Comparison of Housing Loan Companies in India

April 09, 2012 | Comments: 0 | Views: 164

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 in India. Therefore we can say that 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 FIs 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 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 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.

The housing loan in India first of all will go through the financial status of the customers who require the housing loan before providing it.

Source: EzineArticles
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