The banking sector is always buzzing with a buffet of home loan products on offer. Thanks to the stiff competition amongst banks, the home buyers stand to gain. From EMI waivers to flexible interest rates, buyers can choose from a variety of options. Banks are also offering tailor-made loans according to the applicant’s profession, age, city, etc. If you are a home buyer/investor, right now is the best time to invest in real estate. Pune buyers can explore Nirman Developers’ exciting new projects on Sinhagad road, possession-ready flats in Pisoli and 1 and 2 BHK flats in Pisoli.
Here are excellent home loan deals that India’s top 5 banks have to offer –
Bank of Barod
BOB gives buyers the option to sync their home loan account with their SB account. Any deposits in the SB account will be taken as credit in the linked loan account at the end of each day. The borrower will get interest benefit to the extent of the credit balance in the SB account.
SBI Bank’s Max gain allows borrowers to take a home loan as an overdraft and operate their home loan account as a SB/current account. This allows customers to park their surplus funds in these accounts and earn an optimal yield on their savings by reducing their interest burden.
ICICI has recently launched a new scheme when loan borrowers get 1% cashback on every EMI. The loan tenure must be 15-30 years and the customers can adjust the cash back amount against their outstanding principal amount or get it credited to their bank account.
Axis Bank is aggressively pushing its new offering of giving 12 EMIs off on regular payment of EMIs. First six EMIs on completion of 10 years and next six months on the completion of 15 years post 1st disbursement.
HDFC offers its customers an adjustable home loan rate. This home loan rate is linked to its Retail Prime Lending Rate (RPLR). As the RPLR changes, the interest on the home loan also changes, once in three months.
With such great offers, taking a home loan is nothing short of a steal! To find out more about Nirman Developers’ new projects on Sinhagad road, possession-ready flats in Pisoli and 1 and 2 BHK flats in Pisoli, visit www.nirmandevelopers.in