Loan
Want to compare Home Loan interest rates offered by various banks in India?
Apnapaisa has most comprehensive Compare Quotes presented in a user friendly manner. You should use this for comparing various rates across various banks and HFCs as there are different rates offered by different banks. Not only rates, you can refer our compare quotes for salient features of the particular loan product along with the lender's profile.
To know that which lenders will be able to meet your accurate requirement, please fill in the enclosed form stating all your details. Compare it to believe IT!
When applying for a Home Loan
Virtually every young family in India aspires to own a home. A Home Loan is a great way to part finance the dream home that you always wanted to own.
Car Loan
It is one part of the middle class trifecta the cool car along with the cushy job and the own home.
Only a minuscule percentage of people (including the wealthy) opt to buy a car outright. Most of them go the car loan route. All that's needed is a sufficiently good income and all the vehicle papers in place.
No running to different banks to get their loan rates. Compare car loan interest rates right here on a click. Please note here that used car loans are slightly costlier than new car loans.
Car Loan EMI
Zeroed in on your dream machine? Want the delivery this festive season? But do now know how much money you will need to dole out every month for zipping in and out of your dream machine? How will increasing your down-payment affect your EMI?
With the Car Loan EMI Calculator, you can know your EMI (Equated Monthly Installment) which will be payable every month towards repayment of your loan. The down-payment at the time of making a car purchase affects the EMI you will pay later. Here's how:
The Loan Amount for your Car Loan is simply the Total Cost of the Car less the initial down-payment. As you increase the down-payment, your loan amount reduces. For a given rate of interest, a reduced loan amount reduces the EMI you have to shell out every month.
When applying for an Education Loan
In its purest form education loans means a loan where you do not have to repay the principal portion of the loan during the time when you are doing the course. In fact some lenders will even allow you a complete holiday period (no interest payment as well) during the course period. In such cases the interest is calculated and added to the principal portion of the loan and the repayment begins in EMI after you complete the course. Here are some things to keep in mind when applying for an Education Loan.
No security is required if the loan amount is less than Rs. 4 lacs though parents will be asked to stand guarantee. For loans above Rs. 4 lakhs a personal guarantee is required from a person (can be your parents or siblings or somebody else) whose income and repayment capacity is acceptable to the lender. Also for loans above Rs. 7.50 lakhs the lenders will require an acceptable collateral security such as a residential house, jewellery, securites etc.
Education loans are a risky business for the lenders hence they are extra careful while providing education loans. Many times they come up with ingenious reasons for not accepting your education loan application. Go to a nationalised bank branch in the area where you are staying and they will have to consider your application. They will need to provide reasons for rejection of your loan application in writing. If they refuse complain to the higher authorities in the bank via their websites and if no satisfactory response is received in 4 weeks time you can also complain to the banking ombudsman.