Home Loan: The Best Way To Own A Dream Home

With roaring prices of property, it might seem difficult to many about owning a dream house where a complete family would live

. But with new revised home loan policies by several financial institutes & private banks like ICICI & SBI, dream home can be converted to the real home. With home loan, a house where one can live peacefully can be owned and that too without much worry about money.

Home Loan is definitely beneficial but only when smarter decision is taken. There are several hidden clauses & various rules for financial & tax implications. Therefore, to ensure that the best home loan plan is availed, it is advisable to consult professional loan consultants. Their experience & knowledge helps in availing the best suited home loan with the suitable terms & conditions.

Anyhow, there are certain ICICI home loan & SBI home loans scheme that are designed as per the ease of the customers. These schemes can be remolded & customized as per the preference of the borrower.

Lets have a look at the benefits of the ICICI home loans:

Monthly savings can be utilized to form a corpus for the down payment that is required to buy the home

25% waiver on the processing fee for the home loan

Property alerts to identify dream home

Best-suited rate of interest

Different saving options like fixed deposit & recurring deposit

After ICICI Home Loans, it is better to have a look at some of the facilities & benefits of SBI Home Loans as well. So, below are some instances:

Different types:

SBI-Flexi Home Loans

SBI-Maxgain Home Loans

SBI-Realty Home Loans

SBI-Freedom Home Loans

Eligibility

Minimum age 18 years as on the date of sanction

Maximum age limit for a Home Loan borrower is fixed at 70 years, i.e. the age by which the loan should be fully repaid.

Benefits

Concessional package under Credit Khazana for prospective Auto Loan, Student Loan, Personal Loan borrowers whose accounts are conducted satisfactorily

50% concession in charges in respect of all personal remittances/ collection of outstation cheques

Personal loan at attractive rates under SBI Home Plus scheme

These are just few factors to give a glimpse about the prevailing schemes. Rest; there are lots of other things that are important to know. To have a fair idea about them, you can login to the official websites of the leading private banks. There is an online facility that calculates the exact thing and gives the exact knowledge of all the queries related to the best home loan.

by: Ashlesh Sharma

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