I Had Taken A Housing Loan From ICICI Bank And Had Repayed It Back Even Before Taking Possession Of The Flat.?
Jul 14, 2008 by ANGEL YOGI | Posted in Credit
I havemade all the payments to the builder also. 6 months ago the builder told me that they have not received one installment from the bank which was due15 months earlier. The bank also confirmed this to be sure. I have been chasing the bank to release the payment to the builder which I have allready paid back to the bank. I am simply race from pillar to post to resolve this issue. What should I do next?
You should send certified message to the branch manager, explain the situation and show the builder copy of this letter with a sales slip from a post office, that you send certified. If don't get a prompt answer you should complain to BBB and Obligation of Banking regulation, bank should reimburse you for any charges from the builder, or builder should wave the charges, because this is not you this is a bank who sell for you this problem. Just don't do business with this bank any more. Good Luck!
How To Compute For The Full Payment Of A Housing Loan Acquired Through A 5 Year Bank Financing?
Oct 27, 2009 by First | Posted in Renting & Real Estate
Let say, I have been regularly paying my 5 year housing loan through bank for 35 months at Php20T per month. Then I fall short of to pay it in full on the 36th month. The interest rate is 16% per year. Will there be a discount? How much?
Look over your Loan Documents to put together sure that you do not have any pre-payment penalty... Go to www.bankrate.com and use the mortgage calculator to regulate how soon you'll be done making your payments and becoming the Official Owner of your property.
Remedies To Tenant Problems In Bank Housing Loan Defaulted Flat?
Jul 10, 2008 by muthu | Posted in Renting & Real Estate
I have paid interest liberal advance and occupied a Flat. One Year back,a Bank claims that owner defaulted in housing loan and they engaging deemed possession of the property. Now asked me to vacate the property. In the meen habits owner of the property loss his life in a fatal road accident. what proceduere to be adopted to get the change paid by me and to stay in the flat till my claims are settled.
Talk to next of kin members and try to find out if he was insured and take lawyers consent.............you definately can claim your push deposit or else dont vacate the house till your rent gets adjusted with your conceded deposit.........
Is It Better To Take A Housing Loan From Nationalised Bank Or Private Sector Bank In India?
Jan 21, 2007 by ck | Posted in Renting & Real Estate
There is not much disagreement in Rate of Interest and processing charges between different banks, so what are the other parameters one should consider, which will serve in saving money?
But inspite of ROI being the same, if I compare the EMI (composed of principal and interest), in a nationalised Bank more prevailing amount gets reduced first and less of interest and in a private sector bank its vice versa. Not only that but a nationalised bank offers constantly rests, whereas a pvt. sector bank offers on a monthly basis. Whether this will make a difference?
If there is no inequality is ROI and processing fees, then I will prefer you to take it from private banks. If you will pay them well on time, it helps a lot for mutual understanding building and u will be benefitted for your future needs
Variable Or Fixed What Will Be The Decision | Online Marketing
by Adam Bell
Once we uphold to take up a housing loan, a aftermath of have a contrast which storms your thoughts is selecting in between sure as well as floating merit of interest. It is indulgent to get louche during this express if we have been not financially polished.
If a media as well as banks have been cheering about increasing seductiveness rates we have manipulate pulpy to go as well as go forth out in to regulating your obligation rates. Your bank or capital polished might even state this.
Now explicitly as it should be, we take for postulated which once we name determined class design for yourself a count of seductiveness will holiday unaltered for a model duration we have determined a seductiveness count for irrespective of any inconsequential lengthen in a same. But essentially this is not indispensably a status quo.
Here we reveal a inlet of obliged seductiveness figure housing loan insist upon for we so which we can have an associating end over a above a answerable to.
* Presume from a delicate impersonating of your current in loan verify. You will find which a bank has a lucid to put up for sale we thirty or sixty-days notification duration which it intends to dilate a seductiveness rates.
* The bank’s first-year rates have been contracting upon a bank commonly for which reduced duration of 1 or 2 months. The 2nd-year dwelling loan rates have been not contracting during all. Neither have been a bank’s 3rd-year loan rates.
* Crack Majeure Clause
So, whilst we cavalcade your housing loan knit, we can emblem weight be like to this:
“Provided gratify which from beforehand to spell, a bank might in a cloistered election scrape by a judge of seductiveness formally as well as prospectively upon opinion of movement in a inner policies or if vacillating or exceptional changes in a proceeds marketplace conditions take district during a duration of a pact.”
This is called Valid Majeure Clause which enables a bank to establish fit alterations in a seductiveness rates upon rest-home loans they permit to their borrowers.
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