Regarding Home Loans

Well, are you going for existing home or new home ?? N ya, this is still not the right time to go for a loan. banks will cut rates further this week owing to pressure from the Govt. Also, given the 3rd quarter GDP figures, the real estate market's state can be easily gauged. You can get the homes at a cheaper rate than in the last two years. But banks are being more cautious in giving out home loans. They are now giving only about 60 - 75 % of the value of homes as loans compared to upto 95 % earlier. Go for it as soon as the rates are cut. N ya, you will get the best home loans from LIC Housing finance OR SBI. If not these two, go for HDFC or any other public sector bank. BEWARE of ICICI... All the best...

New one

Well, then it ll come with additional formalities. the bank ppl will verify the legality of the home you are gonna purchase n al stuff..It varies from Bank to bank...

I had worked in IDBI in Home loan dept as a sales executive.Your home loan purely depends on your need if your need is urgent for home then no rates will effect your conviction more over loans are given on floating basis if rates decreases then your EMI will also decrease and moreover residential flats rates are down marginally but it might not go futher as the land left are very few in developed areas. so its better time to buy a flat of your choice and I would rather suggest you to go for ICICI bank to take loans as the management has changed drastically so expectation of better servoce is expected from the same.