Table of Content
The customer services are good and there was no inconvenience in the paper work and in the disbursement as well. I also got a good deal on the interest rate and charges. What are the additional charges applicable on my home loan? A nominal processing fee is charged upfront and equally miniscule administrative charges are charged at the end of each quarter.
The financial needs may be different but the solution for them is one – Andhra Bank. The process was smooth and i received my loan amount on time. Customer service was good and they followed up on time. The tenure of this loan is 20 years and it was a overall a good service from Andhra bank. Since the bank manager is friend of mine hence i have chosen the home loan from Andhra bank.
Home Loan Balance Transfer
Agreement for the development of the property which is signed between the builder and the owner of property. Original receipts of payment done to the vendor or builder. Photographs of the property’s title deed in the vendor’s possession. Income certificate produced by the Revenue Authority stating the income drawn from agriculture and other related activities.
One has to meet the eligibility criteria in order to avail a home loan from the bank. For the construction or purchase of a flat an loan amount of Rs.250 lakhs can be availed. Let me start by saying that the builder has got a tie up with Andra bank housing loan. The property inspection, valuation everything was done on time.
Documents Required
External benchmark lending rate which is currently 7.40% p.a. Optional moratorium up to 3 years is available for home loan borrowers. The applicant can apply for the product either singly or jointly with any family member.
The loan amount as 35 lakhs and the given interest rate was satisfactory . The tenure period was 20 years , The documentation process was very smooth . The loan process was satisfactory and they have sanctioned the loan with the committed time. The rate of interest is of 10% and it is a fixed rate.
Advantages of Andhra Bank Home Loan
This can be owned by a single applicant or jointly. The processing is hassle free and the bank offers its loans to a wide section of the population. However the client has to meet some of the mandatory needs. The loan eligibility is based on the customer’s repayment capacity. The Andhra Bank provides repayment period to a maximum of 30 years.
The customer’s finance will also be taken into consideration before he takes the housing loan. For the purchase of a plot the plot has to be situated in residential areas within the municipal corporation limits in the semi urban, urban, and metro areas. Housing loans are a huge amount and thus the EMI charged each month from you will also be a high amount. The bank offers around 90 % of the property’s value as home loan. Andhra Bank is overall good on the home loan process.
Documents related to property:
The property should not be more than 25 years of age in the case of a house and 20 years in the case of a flat. The bank loan can be taken by salaried applicants who can take it alone or with a family member. The maximum payout tenure of the home loan is 30 years. Home loans from Andhra Bank can be availed by both the salaried as well as the self – employed.
Those who stay in UAE, DUBAI, and Sharjah can take the loan not only individually but also jointly with a family or close relative. Any investment that happens in India on an immovable property is subjected to the FEMA guidelines. EMI can be paid the form of a remittance or through FCNR, NRE accounts from outside India. \nThe loan gets terminated at the superannuation age if the property owner does not get pension. Minimum margin of 10 % for loan amounts upto INR 30 lakhs For loan amounts more than INR 30 Lakhs – INR 75 lakhs minimum of margin is 20%. For amount over INR 75 lakhs, minimum margin is of 25 %.
They are not up when it comes to technology, technology wise they have to improve a lot. Herein, members of your immediate family can be considered as potential co-applicant. Usually, the applicant’s spouse and/or major children form the ideal partners when applying for a home loan from Andhra Bank. If not BankBazaar.com, where else can I avail the Andhra Bank Home Loan from?
The bank has made a name for itself in the Indian banking world and has a strong network in the country with over 2800 branches. The bank has a box full of various financial loan products and it offers the same to the loan seekers at competitive rates of interest. The bank has always tried to exceed the expectations of its customers by giving them the best experience ever.
BankBazaar offers the simplest option to apply for this loan from the comfort of your home or office. If not, you can walk into any Andhra Bank branch across the country and enquire for the same. You can get more details about the interest rates offered on home loan schemes from the information given below.
No comments:
Post a Comment