Bank Of Rajasthan Home Loan
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Introduction A place that gives you a sense of belonging is your home. Bank of Rajasthan helps you in owning your home by giving a home loan. The home loan offered by the bank can be taken to purchase ready made house / flat or a land. The loan can also be availed for construction purposes or repair/renovation work. The bank charges 20% margin on daily reducing balance basis. The repayment period under the loan is maximum 20 years including moratorium period or up to the age of 65 years or the remaining service period whichever is earlier. Further if you have taken loan from any other approved financial institutions you can take this loan for the repayment of the earlier loan. Highlights Interest Rate 0% Loan Amount Min. – Rs 100000
Max. – Rs 10000000Time to Process Loan 7 days Interest Rates Tenure Interest Type Interest Rate Offer 15 – 20 Yrs. Floating 8 % 10 – 15 Yrs. Floating 8 % 5 – 10 Yrs. Floating 8 % 1 – 5 Yrs. Floating 8 % 15 – 20 Yrs. Fixed 9.5 % 10 – 15 Yrs. Fixed 9.5 % 5 – 10 Yrs. Fixed 9.5 % 1 – 5 Yrs. Fixed 9.5 % Fees & charges Fees & charges Processing Fee 1 % Pre-Payment Charges 2 %
Security Equitable Mortgage of property to be purchased out of loan.
Bappi Patta (original) along with fee deposit receipt at Gram Panchayat will be acceptable as security for loanTerms & Conditions Terms & Conditions Purchase of ready built House/Flat, Land and construction thereon
Repairs and Renovation Shifting / take over of loan.DCB
Home Vantage Highlights
- Loan amount ranging from Rs. 2 lakhs to Rs. 1 crore
- Maximum loan tenure of 20 years
- Increased loan eligibility by combining income of co-borrowers (Co-borrowers could be spouse, parents, siblings, children
- Pre-pay upto 25% of the loan amount once every financial year
- Nominal processing fees as a percentage of the loan amount
- Simple & easy documentation
- Quick processing of loan
- Trained Home Vantage consultants who will customise your loan
Home Vantage Products
- For purchase of property
- For extension, renovation & construction
- For purchase of vacant plots
- For purchase of business premises
- Loans against existing property (residential / commercial
- Loans with no income documents:
- Where the individual has made a down payment of 40%
- Balance transfer of loans with select financiers with a loan top up
- Surrogate loans based on existing personal loans, car loan and housing loan relationships with select financiers and with DCB
Schedule Of Benefits and Fees For Home Loans
Particulars Charges Loan Processing Charges 2% Prepayment Charges 1% on principal outstanding + service tax No due Certificate NIL Solvency Certificate NIL Charges for late payment of EMI 24% + service tax Charges for changing from fixed to floating rates of interest NIL Charges for changing from float to fixed rates of interest NIL Interest Rates
Floating Rate: 9.75%
Fixed Rate: 10.5%Published on August 5, 2010 · Filed under: Bank Of Rajasthan Home Loan, Home Loan;
2 Responses to “Bank Of Rajasthan Home Loan”
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deepak said on January 20th, 2012 at 9:40 am
Highlights
Interest Rate 0%
Loan Amount Min. – Rs 100000
Max. – Rs 10000000
Time to Process Loan 7 daysi am consultant to you please send your email id on my email id,
thanks
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chetan shah said on January 22nd, 2012 at 2:14 pm
Hi I am intrested in loan my name is chetan shah and I am a consultant
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