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Home Loans in Mumbai

If you want to take a brand new home and are searching for new home loans available in Bangalore and Mumbai, then you are at the right place. Check out some of the new home loans provided by some of ...

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New Home Loans in Mumbai

Home Loans Mumbai

To encourage you to take a home loan, the banks are always trying to bring new home loan schemes. They keep on floating new banking products so as to gather customer’s interest. After China, India is seen to have the fastest GDP growth and with that, the interest rates also kept on climbing. With the interest rates slated to go up by another 0.5%, you might want to make the most of the available advantages.

If you want to take a brand new home and are searching for new home loans available in Bangalore and Mumbai, then you are at the right place. Check out some of the new home loans provided by some of the leading banks of our country.

ICICI BANK HOME LOAN IN BANGALORE AND MUMBAI

One of the leading bank of the country ICICI bank has modified their existing home loan plan and has brought a new home loan scheme. It’s a very good home loan product with fixed interest rates for first and second year of the loan and floating rates thereafter. If you take a home loan in Bangalore or Mumbai under one year fixed scheme, your interest rates will be 10.50% for loan value less than 25 lakhs, 11% for loan amount ranging between 26 lakhs to 75 lakhs and 11.50% for loan amount of 76 lakhs and above. You can also browse through other offers to choose the one that suits you best.

NEW HOME LOAN PRODUCTS FROM SBI

The State Bank of India has also launched two new home loan products called SBI Easy and SBI advantage. The unique features of these loans are that they have absolutely zero processing fees. Let us take a close look at both of these plans.

  • The SBI Easy Home Loan is applicable for a maximum of 30 lakhs of loan at about 8% for first year and 9% for the following two years. For the next year, the customers can avail the opportunity of choosing their interest rates.
  • The SBI advantage Home Loan is applicable for loans above Rs 30 lakhs. The interest rate is usually 8% for the first year and 9.5% for the second and third year respectively. Thereafter it’s a choice of floating or fixed rates, as per requirement.

HDFC HOME LOAN IN MUMBAI AND BANGALORE

HDFC Bank has also brought in three and five years fixed home loan plans for home loan takers from Mumbai, Bangalore and other cities. If you wish to take home loan from this bank, then check out the plans available

  • Under three years fixed scheme, you will have to pay interest at rates of about 10.75% for loan value of about 25 lakhs, 11.25% for loan value ranging between 26 lakhs and 75 lakhs and 11.75% for loan value of 76 lakhs and above.
  • Under five years fixed plan, the rate of interest will be 11% for loan value of about 25 lakhs or below, 11.50% for loan amount ranging between 26 lakhs and 75 lakhs and 11.75% for loan amount of 76 lakhs and above.