Select a housing Loan, Also Check these Five Fees!

By Mr. Rajiv Raj, Creditvidya.com So you have done a comparison study & found out about who is offering the best housing loan interest rates. Great! Does that mean you can go in for the big purchase now? No! Have you looked at all the ‘other charges’? Well, read ahead to…

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Is Housing Loan Prepayment, Processing Fees are Income Tax Exempt..?!

by Mr. Gautam Nayak, Chartered Accountant a Pre - equated monthly instalment (Pre -EMI)  interest paid during that year, would be accumulated till the year in which possession of the house is taken, and be allowed in five (5) equal instalments over that year and the next four…

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RBI Advised Banks: Charge Prepayment Penalty Only on Fixed Rate Loan Balance..!

Housing loan borrowers who have opted for fixed interest rates may have easier terms on their mortgages as the Reserve Bank of India (RBI) has advised banks to revise the penalty structure on prepayments & charge it only on the outstanding amount. RBI has also recommended…

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Home Loan Interest Rates, Processing Fee : Limited Period Offers..!

The discounts on home loan interest rates and processing fees are available only for a limited period * India' s largerst public sector bank, State Bank of India' s( SBI’s) reduction in processing charges will be valid till December 31, 2012.  During the period, SBI w…

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State Bank Of India: Cut processing & Conversion Fees On housing loans

With the advent of festival season our country India’s largest lender – SBI (State Bank Of India ) has embarked upon a special campaign to ramp up its housing loan book. It is going to reduce the processing fee for housing loans to Rs.1,000 per loan irrespective of the size. …

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