Loans buzz» Home Loans http://loansbuzz.com Thu, 09 Sep 2010 12:53:27 +0000 en hourly 1 http://wordpress.org/?v=3.0 Hatton National Bank Shanthi Home Loan http://loansbuzz.com/hatton-national-bank-shanthi-home-loan/ http://loansbuzz.com/hatton-national-bank-shanthi-home-loan/#comments Mon, 06 Sep 2010 17:47:39 +0000 Ravi http://loansbuzz.com/?p=2778 The Hatton National Bank (HNB) Shanthi Home Loan helps you realise this dream, whether it is a simple house or a luxury mansion. Hatton National Bank home loans come in a range that is designed ...]]> The Hatton National Bank (HNB) Shanthi Home Loan helps you realise this dream, whether it is a simple house or a luxury mansion. Hatton National Bank home loans come in a range that is designed to suit a variety of needs.

Hatton National Bank offers its customers very attractive and competitive, fixed or floating interest rates with the flexibility to best suit your needs. Opt for floating interest rates and your interest payment will be based on the going market rate which is subject to a quarterly review.

What could a Shanthi Home loan be obtained for?

  • Purchase of bare land for construction of a house
  • Purchase of a house and property or apartment
  • Construction of a house on land owned by the applicant
  • Completion of a partly constructed house
  • Renovation or extension of an existing house

Who can apply for a Shanthi Home Loan?

  • Those with a regular monthly income, individually or jointly with spouse
  • Public and private sector employees, professionals, businessmen or businesswomen
  • Sri Lankans employed abroad

What is the loan repayment period?

Loan repayment periods range from a minimum of 5 years to a maximum of 25 years, depending on the age of the proposed borrower and place of employment (Sri Lanka/abroad).

What are the benefits of Shanthi Home Loans?

  • Attractive fixed or floating interest rates
  • Flexible repayment up to 25 years
  • Quick processing
  • Grace period of up to 12 months available during construction
  • Loans in LKR as well as foreign currencies
  • Mortgage protection cover and fire insurance at competitive premia
  • The unique step-up loan repayment scheme
  • Early loan settlements entertained
  • Professional service
  • The convenience of service at a HNB Customer Centre in your neighbourhood

How to apply for a Shanthi Home Loan?

Fill in an HNB Shanthi Home Loan application form and hand it over to any of our HNB Customer Centres island wide. Then relax and leave it to SHANTHI and HNB to build or purchase your dream home in the shortest possible time.

For fast processing of your application, ensure that you provide all the documents indicated below.

Documents to be submitted along with the application:

  • Letter from the vendor for the purchase of property
  • Building Plan approved by the Local Authority with a copy. If approval is not required, a letter issued by the Local Authority to this effect
  • Bill of Quantities acceptable to the Bank (two copies) for the proposed construction
  • Valuation Report of the property to be mortgaged from a valuer in the Bank’s Panel of Valuers (This will be arranged by the bank and expenses should be borne by the applicant)
  • Letter from employer confirming present salary and any other fixed allowances

For applicants employed abroad, the following documents are also required:

  • Photocopies of the employment contracts
  • Letter confirming extension of the contract to cover the loan period of 05 years
  • Photocopies of the passport and visa documents

Shanthi Foreign Currency Housing Loan:

Hatton National Bank introduces the Shanthi Foreign Currency Housing Loan, exclusively for Sri Lankans working overseas. Now you can start constructing your home in Sri Lanka while residing overseas. Shanthi Foreign Currency Housing Loans can be obtained in designated currencies as applicable to NRFC Accounts, including US Dollars, Sterling Pounds, Euro, Japanese Yen, Swiss Franc, Australian Dollars and Canadian Dollars, etc. Expatriate Sri Lankans can appoint their representative to carry out the documentation through a Power of Attorney.

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]]> http://loansbuzz.com/hatton-national-bank-shanthi-home-loan/feed/ 0 Fullerton India Personal Loan http://loansbuzz.com/fullerton-india-personal-loan/ http://loansbuzz.com/fullerton-india-personal-loan/#comments Sat, 04 Sep 2010 11:18:54 +0000 Ravi http://loansbuzz.com/?p=2736 Fullerton India is a Non Banking Finance Company. The Company started its operations in January 2006. Fullerton India provides personal loans for their customers at competative interest rates. The Fullerton India especially designed their personal loan scheme keeping in mind the unique circumstances and requirements of the applicant.

The personal loan amount offered by Fullerton India:

  • Minimum Funding Rs. 40,000/-
  • Maximum Funding Rs. 5,00,000/-

Documents Required for Fullerton India Personal Loan:

  • Identity Proof
  • Age Proof
  • Address Proof
  • Income Proof
  • Job Continuity Proof
  • Banking History

Eligibility Criteria for Fullerton India Personal Loan:

  • Needs to have age of atleast 23 years
  • Needs to earn above Rs. 12,500/- per month
  • Must be an Indian
  • Sould be an Employee or Self-Employee

Not only personal loan the Fullerton India also offers you a wide range of financial products like Home Loans, home equity loans Business Loans and life insurance. It has more than 800 branches across India.

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]]> http://loansbuzz.com/fullerton-india-personal-loan/feed/ 0 LIC Housing Loans – LIC Housing Finance http://loansbuzz.com/lic-housing-loans-lic-housing-finance/ http://loansbuzz.com/lic-housing-loans-lic-housing-finance/#comments Fri, 03 Sep 2010 10:50:38 +0000 Ravi http://loansbuzz.com/?p=2730 LIC Housing Finance Ltd is one among the largest Housing Finance Companies in india. The LIC Housing Finance Ltd provides housing loans for all the employed and self-employed persons at attractive interest rates very quickly ...]]> LIC Housing Finance Ltd is one among the largest Housing Finance Companies in india. The LIC Housing Finance Ltd provides housing loans for all the employed and self-employed persons at attractive interest rates very quickly in a simple hassle free process.

LIC Housing Loan Interest Rates can be either fixed or floating as per the preferences of the borrowers. One can avail LIC Housing Loans for the purchase/construction of new house and to rebuild/renovate an existing home. All the indian residents and non indian residents are eligible to get the housing loan from LIC.

To apply for LIC housing loan, you need an application form which you can get from a local branch of LIC Housing Finance Limited or download online from its official website.

Common Document requirements for all applicants:

  • Application form duly filled in.
  • Copy of sanctioned plan and sanction letter.
  • Copy of NA permission/ULC clearence, wherever applicable.
  • One guarantor form and his/her salary certificate in our format. If guarantor is in business or profession, a copy of his/her latest I.T.returns/assessment order.
  • Bank Pass-book or statements for the last two years.f) Power of Attorney, wherever applicable

Additional Requirements – For salaried persons

  • Employer’s salary certificate in our format/and latest salary slip.
  • Identity card of applicant/s.
  • TDS certificate of applicant/s.
  • PF/ESIS slip of applicant/s.

Additional Requirements -For Businessmen/Self-employed:

  • Three years’ income tax returns/assessment orders alongwith computation of income and statements of accounts certified by C.A.

Loan Amount:

  • The LIC housing loan amount depends upon the repayment capacity of the borrower.

Loan Term:

  • Maximum 25 years

Repayment Mode:

  • Equated Monthly Instalments(EMI) – Monthly Rest Basis

Security:

  1. Equitable Mortgage of Residential House/Flat/Plot
  2. Demand Promissory Note.

Upfront Fees:

  • 1.00% of Loan Amount Sanctioned + Service Tax as applicable.

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]]> http://loansbuzz.com/lic-housing-loans-lic-housing-finance/feed/ 0 Which Bank Providing Home Loans for NRI’s http://loansbuzz.com/which-bank-providing-home-loans-for-nris/ http://loansbuzz.com/which-bank-providing-home-loans-for-nris/#comments Sun, 22 Aug 2010 16:15:34 +0000 Ravi http://loansbuzz.com/?p=2683 In india most of the banks were providing the home loans for NRI’s (Non-Resident Indians), All the employed and self-employed NRI’s who were earning above 2.5 lac rupees per annum are eligible to apply for home loans in india.

Following is the small list of banks that providing home loans for NRI’s:

  1. State Bank of India (SBI)
  2. ICICI Bank
  3. IDBI Bank
  4. HDFC Bank
  5. Axis Bank
  6. Indian Overseas Bank
  7. HSBC Bank
  8. Citibank
  9. Union Bank
  10. Canara Bank
  11. Andhra Bank
  12. Allahabad Bank

All the banks which is listed above are providing the home loans for NRI’s very quickly at very low interest rates in a speedy process with less documentation.

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]]> http://loansbuzz.com/which-bank-providing-home-loans-for-nris/feed/ 0 How to Get Housing Loan in pakistan http://loansbuzz.com/how-to-get-housing-loan-in-pakistan/ http://loansbuzz.com/how-to-get-housing-loan-in-pakistan/#comments Sun, 15 Aug 2010 05:47:58 +0000 Ravi http://loansbuzz.com/?p=2617 In pakistan getting housing loan became very easy these dyas as several banks in pakistan are providing the housing loans for their customers in helping them to build their own dream houses.

The banks in pakistan are offering the housing loans very quickly at low interest rates in a simple process with minimal documentation thats why getting housing loans pakistan made much easier in pakistan. 

The pakistani people can get the housing loans from the banks in pakistan for purchasing/constructing their dream house.

Most banks in pakistan were lending the housing loans for both pakistani residents and non-pakistani residents, All the employed and self-employed people who earning a stable income every month are eligibile to get housing loans in pakistan.

The housing loan amount depends on the repayment capacity of the borrowers, If you earn more then you can borrow more from banks in pakistan. To know detailed information on getting hosuing loans from the banks in pakistan do visit bank-loans.co.in

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]]> http://loansbuzz.com/how-to-get-housing-loan-in-pakistan/feed/ 0 Home Loans in Pakistan http://loansbuzz.com/home-loans-in-pakistan/ http://loansbuzz.com/home-loans-in-pakistan/#comments Mon, 09 Aug 2010 04:47:58 +0000 Ravi http://loansbuzz.com/?p=2591 Home loans in pakistan are offered by many banks under different schemes at low interest rates very quickly with minimal documentation, As several banks in pakistan offering home loans with minimal documentation getting a home loan became a simple task for pakistani people.

The Home loans in pakistan are provided for purchasing/constructing new flat/house and also for renovating an existing house. All the employed and self-employed pakistani people who were aged above 23 years and earning a stable income are eligible to apply for home loans in pakistan.

For getting a home loan in pakistan first the people needs to choose a right bank, To help you in choosing the right bank we have listed to top 5 banks of pakistan below.

Following are the Top 5 Banks in Pakistan:

  1. National Bank of Pakistan
  2. Habib Bank Limited
  3. Muslim Commercial Bank
  4. United BANK
  5. Meezan Bank

All these banks are providing the home loans for the people in pakistan very quickly at attractive interest rates, If you are pakistani and planning to get home loan soon then do get it from the top pakistani banks.

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