Wednesday, May 25, 2011

House loans as easy as other loans

Hi, home loans are used to build a house or sometimes reconstruction purpose loans. The interest rate of home loans are very cheap as compared to personal loans and are easy to avail by submitting some documents to the bank. In India also, It is very easy to approve home loans according to person Income Tax Return (ITR). There are some popular government and private firms which provide mortgage with some easy steps and at reasonable rate of interest. HDFC, ICICI and LIC housing financial corporation are some top most companies that provide mortgage. According to my view, If you have option to which firm select for borrowing home loan or mortgage than LIC housing financial corporation (LICHSGFIN) is the best option.

The LIC corporation have no other charges, if you paid total loan amount before the actual date of loan installment. This corporation also have schemes to fixed your installment of home loan and not floating rate like other private banks and firms like India Bulls.

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