Home Loan in India

In india, Home loan is the best option to the normal people for builing new home, purchsing home or for rebuilding existing home. Many banks in india are providing home loans with low interest rates.

Most banks in india are issuing the home loan immediately for the loan applicants. The applicant must have atlest 21 years of age and should earn a minimum of 1 lakh rupess per annum to get the home loan approved in india.

Home loan is granted to both indian residents and NRI's from the indian banks if applied with all documents perfectly. Home loan in india ranges from 2 lakhs to 10 lakhs.

Along with banks few financial companies are also providing home loan in india. Taking a home loan from banks is better than taking a home loan from a financial companies in india.

Note - This is a guest post written by Ravi the admin of Loansbuzz.com

Student loan in India

Student loan in india is having good demands from the students. Many banks are providing student loans in india at attractive interest rates. Taking a student loan is the only option for the poor students to pursue their higher education.

In india, Student loans are helping the students pay for their education. Student loan in india covers the college, travel,laboratoy and stationary fee. Most Banks in india offers Student loan for the students studying in india and abroad.

The maximum amount of student loan offered by the banks for the students studying in india is 10 Lakh Rupess and 20 Lakh Rupees for the students studying abroad. There are manys banks in india which are granting student loans instantly with mimimum documents for the students.

To get the student loan approved in india the student need to have atleast an age of 18 years and the must not exceed40 years. The student loan applicant must sumbit all the documents correctly to get the loan approved from the banks in india.

Personal loan in india

In india, Personal loan is an easy and quick way to arrange for financing when you need extra cash fast. You can use the personal loan amount in india for unexpected expenses, to pay off your bills, or for a well-deserved vacation the choice is yours.

Banks in india provide the lenders the personal loan money instantly by taking fast decision and they also gives you a quality service. Most banks in india offers two types of personal loans means the secured and unsecured personal loans to its customers. The most popular personal loans in india are those that are short-term and unsecured.

Few banks are issuing personal loans for the people who are having bad credit, Bad credit personal loans have saved millions of people from going bankrupt due to lack of credit in india. If you are indian and are on the verge of losing all your credit, you can opt for indian bad credit personal loans. The loan can be helpful in rebuilding your credit that has gone bad.

Here is a small list of banks that are provinding personal loans in india -

• State Bank Of India
• Bank Of Baroda
• United Bank Of India
• United Commercial Bank of India
• Allahabad Bank
• Bank Of Maharashtra
• Oriental Bank Of Commerce
• ICICI Bank
• HDFC Bank
• Axis Bank ( or UTI Bank)
• Canara Bank
• Andhra Bank
  

Eligibility criteria for availing Personal loans in India are -

• The applicant must have a minimum age of 18 years to get the personal loan approved in india
  
• The applicant must not have attained the maximum age of 70 years which is the age by when the loan should be fully repaid
• The applicant must have sufficient, regular, and continuous sour
  

Maximum and minimum home loan amount are calculated as follows -

• Applicant aged over 18 years and up to 45 years can avail maximum personal loan amount 60 times of his Net Monthly Income (NMI) or 5 times Net Annual Income (NAI)
• Applicant(s) aged over 45 years of age can avail maximum personal loan amount 48 times NMI or 4 times NAI