To make your home loan affordable and easier according to your pocket and need, the banks are offering attractive deals in this festive season. Various banks and housing finance companies are offering different home loan schemes in this festive season, which may suit your requirements. But the most important aspect in this is that the property proposed to be financed should be be in the name of the woman borrower or she should be the main applicant to the loan and she should be either owner or co-owner in the property being financed in the case of joint ownership. This special offer is currently being offered by SBI and ICICI.
The biggest PSU bank SBI will charge woman borrower 10.10%, the bank offer home loans above 75 lakh at 10.15% for male borrowers, irrespective of the loan amount and for loans below 75 lakh, the existing rate will continue, this is thought to suit various requirements of the borrowers and it will support the big home loans. While HDFC is offering loans of upto 75 lakh at 10.15% against the existing rate of 10.50% under a Winter Bonanza, this is a limited period offer which has been extended under a new scheme. ou can now make your home your own sooner.
There is also an EMI waiver scheme called Happy Ending Home Loan by AXIS Bank, this scheme gives you a quick and transparent processing and offers a waiver of last 12 months EMI to make your home loan easier and affordable.
The Bank said in the statement, "The product, called 'Happy Ending Home Loan', is being offered at the same rates as a regular loan and will be applicable to new customers under the floating rate option. The EMI waiver will be offered to all loans with an initial tenure of 20 years or more that cross their 15th year."
And if your budget is not big enough, then there are other options also like Asha Home Loans for low income group, to fulfill their dreams, in this a person can get a better eligibility to avail a home loan in between 1 lakh to 25 lakh where your minimum combined income should be 8000 and the area of property should be around 325 sq ft or more.
So, you have so many options available in this festive season to avail a home loan to fulfill your dream.