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  • QNA
Q. if i take Rs. 5 lakh as a housing loan for 25 yrs. from nationalised bank; how much installment i will have to pay the bank every month
:  A. SBI HI-FIVE LOAN - FOR LOAN AMOUNT UPTO Rs. 5 Lacs(available up to 31st March 2010) Interest Rates 8% p.a. Fixed interest rate during first 60...... more

http://qna.rediff.com/questions-and-answers/if-i-take-rs.-5-lakh-as-a-housing-loan-for-25-yrs.-from-nati//answers/16947438

mohini malkar
Q. I took a home loan in jun-2008. The loan(85% of the flat cost) was for a flat that was in construction phase. The possession will be in April-2010. Now I want to shift my loan to a public sector bank. But most of the banks are saying that possession is must. So is there any way to shift it.
Mohini Malkar:  A. From whatever you are saying I feel you got the loan at a higher rate of interest in June 2008. Was it at a Floating Rate or Fixed Rate ? Even if...... more

http://qna.rediff.com/questions-and-answers/i-took-a-home-loan-in-jun-2008.-the-loan85-of-the-flat-cost-/16947368/answers/13123942

rajesh bansal
Q. Which one of the two Floating or fixed interest rates home loan is suitable to take home loan
Rajesh Bansal:  A. Visit Ratekhoj.com (http://www.ratekhoj.com) to get the lowest fixed or floating home loan rates in India. Floating home loan rates are at least 2%...... more

http://qna.rediff.com/questions-and-answers/which-one-of-the-two-floating-or-fixed-interest-rates-home-l/13123709/answers/10686544

nitin ben
Q. I have a loan of 22L with Fixed rate @7.25% from SBI since Jan2005. EMI is 17KI have 8L of savings. I wanted to understand should I prepay partly my loan or invest in other option like FD 10% and SIP for some MF's etcAs my loan is fixed at 7.25%, so I believe I can accumulate wealth better in investing other option, Annually I regularly invest 70K in PPF, 22.5K in insurance policy and started MaxNewYork Life Ulip of 60K annually for myself and my wife.Please suggest ?
Nitin Ben:  A. There is no reason for you to pay the loan early unless you want to take a larger fresh loan. As you can comfortably service the loan even if there...... more

http://qna.rediff.com/questions-and-answers/i-have-a-loan-of-22l-with-fixed-rate-7.25-from-sbi-since-jan/10682630/answers/10409362

navneet porwal
Q. Is it recommended to take Home Loan on floating interest rate basis or fixed one ?
Navneet Porwal:  A. compare fixed and floating home loan rates at Ratekhoj.com (http://www.ratekhoj.com). Based on what duration you want the loan for, you can see...... more

http://qna.rediff.com/questions-and-answers/is-it-recommended-to-take-home-loan-on-floating-interest-rat/10408775/answers/10225515

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