1 / 7

10 things to know about the new loan rate

Home loans at attractive interest rates from HDFC Home loans. Best home loan rates for women and salaried individuals.Home loans at lower processing fees<br>

ShreekantRao
Download Presentation

10 things to know about the new loan rate

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Housing Loan Interest Rates

  2. 10 Things to know about the new Loan Rate

  3. This month, all banks moved to a new lending rate regime—the marginal cost of funds-based lending rate (MCLR). • Till March-end, new floating rate loans were linked to base rate. • The new rate regime is likely to improve transmission of rates to the end consumers. If you check the current interest rates, • MCLR-linked home loans are at least 10 basis points (bps) cheaper than base rate-linked home loans.

  4. How does such a loan function? If you are a new borrower who has taken a floating Housing Loan Interest Rates home loan, then it will be linked to MCLR. • This means two things: one, you will have a reset clause in the loan documents, and two, you will have a spread. • How can an existing borrower move to MCLR? Currently, these loans are cheaper than base rate-linked loans.

  5. Can one negotiate with the bank on any of the charges? You can negotiate the switching charges and other administrative costs. “ • Though the bank has a list of charges, most of these can be negotiated. • [Source: http://www.livemint.com/Money/Xizd6EP6QOnFTl7jtxbQSO/10-things-to-know-about-the-new-loan-rate.html]

  6. Follow us on : https://www.facebook.com/HDFCHomeLoanExperts https://twitter.com/HomeLoansByHDFC https://www.youtube.com/user/hdfcltd https://www.linkedin.com/company/hdfc?trk=top_nav_home

  7. Click to know more on Housing Loan Interest Rates: https://www.hdfc.com/home-loans-salaried Thank You…

More Related