What is the rate of interest for home loan in India?

What is the rate of interest for home loan in India?

Present interest rates for mortgage loans in India range between – 8.75% to 13%. What is the turnaround time for loan processing? Total turnaround time for processing a mortgage loan takes 10-20 working days. Sanction process takes 5-10 working days. Disbursement takes 5-10 working days. What is the maximum loan tenure I can get?

What is the Indian central online registry of equitable mortgages?

It is Indian central online registry of equitable mortgages, mainly created to check fraudulent activities in lending against equitable mortgages. 4) Administrative Charges: One time non-refundable charge collected by the bank to recover the administrative cost for processing your loan.

How to get a Union Bank of India mortgage loan?

You can get the Union Bank of India Mortgage Loan by submitting your commercial or residential property. However, agricultural properties are not accepted as collateral. You can use the sanctioned loan amount to meet various expenses, both personal and business. If you’re an Indian resident, you can get up to Rs.10 crore as the loan.

What are the different types of mortgage loans available in India?

Some banks also offer mortgage loans up to Rs.10 crore. The repayment tenure for mortgage loans can be up to 15 years. There are two loan variants under this loan—Adjustable Rate Home Loan and TRUFIXED Home Loan for 2 years. You can mortgage both commercial and residential properties for the HDFC Bank Loan Against Property scheme.