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Company Loan Type APR Est. Pmt.

can u name companies provide mortgage in lesser rate than in

Posted on: 31st Aug, 2007 08:16 pm
I am asking about those financial institute which provide mortgage facilities in asian countries like india at lesser rate of interest than the rate provided by indian banks
Hi Rdhanda,

Some of the foreign banks like ICICI and ABN Amro are providing loans in India at lower interest rates. You can go for loans from these banks.
Posted on: 31st Aug, 2007 09:09 pm
Hello Rdhanda,

There are many banks in India like HSBC, HDFC, Standard Chartered and IDBI who offer home loans. But I am not aware of their rates. For that you need to contact with the bank officials as they will be able provide you the exact rates.
Posted on: 31st Aug, 2007 09:48 pm
Thanx for the PROMPT AND EFFICIENT reply.In India interest rates of these banks are very high and three months back under govt. policy they have increased the interest rates to 12-14 pc per annum which is quite high for a service class personnel like me.So I Would like to know is their any way I can get the same amount at lesser rate and that too lawfully and indian govt has no objection in getting that loan...tjhanx..rdhanda
Posted on: 31st Aug, 2007 10:35 pm
Hi Rajeev,

In India, the financial institutions will generally look at the following qualifying factors before considering a home loan to you:

1) You must be 21 years of age.
2) You must have a regular monthly income.
3) You must be a salaried individual for the past few years.
4) You must have a clear title to the property.

After getting qualified for the loan, you need to negotiate the interest rates with any of these financial institutions. Only if they consider that you are financially unstable, they may offer you a loan with lower rate.
Posted on: 31st Aug, 2007 11:55 pm
"Only if they consider that you are financially unstable, they may offer you a loan with lower rate."

larry you mean if someone is financially unstable he can get low rate. but i knew one has to stable financilly to qualify for a low rate. confused??
Posted on: 01st Sep, 2007 04:56 am
Hi Kevin,

What I actually meant was that one can get a loan even with a low credit score. But because of his low score, he may get a loan with higher interest rate on it.
Posted on: 01st Sep, 2007 05:06 am
Larry.
I mean to say any foreign inatitute which is not active in India can loan Indian people with low interest rates.There is large scope for such banks or instituitions as rules in INDIA are very time consuming and have to go
for lot of paperworks...Rajeev Dhanda
Posted on: 01st Sep, 2007 10:42 pm
Hi Rajeev,

Sorry, I am not aware of any such foreign institutes.
Posted on: 02nd Sep, 2007 08:52 pm
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