Searching for the best home loan option available?

Taking a flat in Kolkata,India.HOME LOAN QUERY...?

I'm buying a flat of Merlin group and booked the property by paying Rs100000.Its a ready flat.Now the bank(SBI) is saying to go ahead with the agreement,then only they can process the home loan but according to Merlin laws,if we cancel the booking after agreement,i have to pay 10% of the property value.My query is by chance if my loan doesnt get sanctioned and i am into the agreement before that as SBI asking me to do,I will be in complete loss.Its huge amount.What do you suggest?? SBI is saying now that their process is diff,we have to give a xerox of agreement with the other documents,then only he can file the application for home loan.They r not going to give any offer letter or sanction letter. Please confirm this.
Apply in HDFC. they will not insist agreement. explain them and they will do the needful. after getting the sanction ticket you can enter in to agreement and produce the same to HDFC.

Taking a flat in Kolkata.HOME LOAN QUERY...?

I'm buying a flat of Merlin group and booked the property by paying Rs100000.Its a ready flat.Now the bank(SBI) is saying to go ahead with the agreement,then only they can process the home loan but according to Merlin laws,if we cancel the booking after agreement,i have to pay 10% of the property value.My query is by chance if my loan doesn't get sanctioned and i am into the agreement before that as SBI home loan asking me to do,I will be in complete loss.Its huge amount.What do you suggest?

Go to LIC HFL or HDFC. they will scrutinize the legal papers at a processing fee of 0.5% of the loan amount. once they give legal clearance you can enter in to agreement. But you have to get the xerox copies of title papers for this. Alternatively you can approach the bank which has already sanctioned housing loan for this project.

I am a salaried person of 36 years age with 3.5 pa income. I want to take a home loan of Rs 15 lacs for a period of 20years. At present market rates are hovering between 10.75% (SBI) to 11.25% (HDFC, UTI Bank etc) on an avg. However Citibank website says 9%. Now my questions are: 1. Which bank should I deal with and which not 2. Is loan possible with interest rates 2% less than mkt avg, 3. What sort of a home loan should I take with the fact that we expect the interest rates to go down in future.

Can I avail a Housing loan on my father's pension amount.?
Hi I took a Housing loan from SBI to purchase a plot and the plot is registered in my name. Can I borrow some more amount by extending the same home loan showing my father's pension amount as income during construction.


What are good banks for home loans in India? What bank is the best? How about the max. Limit ?

Is ICICI a good choice? What about SBI? How do they calculate the repayment capability? In what way can we use LIC bonds?
HDFC SBI

Tell me about reverse mortagage scheme loan RML from bank especially SBI?
i am 69 yrs of age .having my house on my name worth 1 crore.ihave taken this home from my only son through a registerd gift deed for the price of few thousands of rupees and stamp duty was also paid to the court at the time of registration of said deed.now when i applied this loan for sinior citizon ,bank officials take all the formalities from me including title of property, valuation another relevent documents and processing fee of rs 11600 for sanction of loan for rs 32 lacs.the purpose of loan was i am suffring from chronic renal falure and already i have undergone open heart surgery 5 years back.for the treatment of my ailing kidney that might be gone upto transplantation.after sanctioning of this loan and taking their processing fee ,sbi officials are not releasing my loan and given me a letter that your property is not self acquired one.but when the legal expert of the same bank giving certificate that this is clear title of property and there is no bar for mortgage how can bank refuse me in releasing the amount.since i am on bed and realy need this money for my treatment ,is there some body to help me in getting my loan amount released? sanjeev

Can we get the loan either from Andhra Bank or SBI to buy a site.?
I am employee of IT Company, can i get loan erither from andrha bank or State Bank of Inida to buy a site(not a home). I believe that , they will give the loan only for houses.

Nanaji if you want real answers you have to post your question in India.