Fixed rate home loan mateulipnida of the season. Last week, HSBC India, fixed rate home loans and property loans for the product began. Previously, the Axis Bank Ltd. has started 10 of the fixed home loans.
However, for the entire loan tenor has been resolved, unlike the speed of the axis bank, HSBC India's fixed rate home loan fixed for the early years after the rest is converted to floating rate. ICICI Bank Ltd. in August began a similar fixed rate mortgage. ICICI Bank's loans, will remain fixed for one or two years, since that will not float.
Manish Sinha, head (consumer assets), HSBC India, "the customer's majority during the first few years their loans paid not says like this, maintain, and we are the product adopted, these borrowers on the loan for the amount of suhaeteotseupnida hedge against interest rate risk, "so that this new fixed-floating home loan rate does what you say it?
Fixed-rate tenor, one, two, three, five years is available. The expiration of the loan tenor selected a fixed rate of 200 basis points, BPS (as the bank's base rate plus a mark up to 200 BPS) is converted to the percentage of free floating. The bank's base rate is currently 9.75%. There are two kinds of loan options. The maximum tenor: If you are self-pay customers and early 20s, the maximum tenor is 25 years support.
Maximum amount: you Delhi - National Capital Region, or who live in Mumbai or the first case of bank customers, you can borrow the maximum loan amount is RS. 10 crore. If you are in another city, you can get the maximum loan amount is RS. 7.5 crore.
Option I: The following are allowed to prepay your loan, depending on certain conditions. One, two 3-year fixed-tenors, a fixed rate of interest is 11.50% per year. If the rate of five years tenor loans is 11.75% per year. Option 2:00 The following is a fixed fee paid during the period are not allowed to make. One of fixed rate tenors, two, three years fixed rate of interest is 11.25% per year.
article source :- http://www.livemint.com/2011/12/07192047/Should-you-go-for-HSBC8217s.html?h=B
Thursday, December 8, 2011
Subscribe to:
Posts (Atom)