Query :- I want Personal loan of amount 5lakh for 5 years. I am working with NTPC Ltd since 25years. I don't have any loan running, my salary is 28000 per month. How much amount I am eligible for?

Answer:-Prima-facie you are eligible for the loan of Rs. 5 lacs. The EMI for a 5 year period at 18% will be Rs. 12,697. You can approach consolidation portals like www.deal4loans.com for your loan requirement. They are in a position to put you in direct contact with multiple banks who will be able to fulfill your requirement in one go.

Query:-I am an employee of Software Company and earning Rs.40, 000/ per month. I want to apply for a home loan of 18, 00,000. For 15 yrs. Please guide me correctly about various bank options. What would be the interest rates? And EMI details.

Query :- I am an NRI working at Doha, Qatar. I have a home loan of Rs.950000/- and my current emi is rs.10500 /- my bank is not able to provide me a top up of another 1000000/ rs which is urgently required for the renovation,repair,extension etc; my present salary is rs.50000/- and the market value of my said home is now valued @ 65 lacs. Kindly advice me with suitable options considering me as an nri.

Answer:- You should consider transferring your loan to an alternate bank. They would be able to take over your existing loan and also offer you the top-up that you need.

Query :-I am a very old customer of SBI and have an account in the Kurla (west) branch of Mumbai. The pin code is 400070.I wanted to apply for a credit card on line but could not go further from the first page itself. As I am a housewife, I was not able to go ahead of the Employment status option. I do pay my regular taxes and so I have a Pan card. I would like to enquire whether there is an option of applying online for credit cards.

Query-I have own house with joint holder with my brother; we both are salary employed for 2 years. We are interested to take home loan for repairing and further construction. (Estimated cost is Rs.2 lac and tenure is 7 years) so plz suggest bank and rate of interest.

Answer-The rates of interest for home improvement loans are currently in the range of 11% to 13%. You can approach consolidation portals like www.deal4loans.com for your loan requirement. They are in a position to put you in direct contact with multiple banks who will be able to fulfill your requirement in one go.

(Ques) Because of I.C.I.C.I and SBI cards my name is there in CIBIL. Now I need a personal loan. I cleared all the credit card settlements and I am having the settlements letters. But no bank is giving me the loan or credit card because of that. I got a report from CIBIL. In that I.C.I.C.I over due shows zero but still SBI is showing the overdue amount of 8857. So I am in process in contacting SBI people to make it zero. But it takes time. now i need a personal loan. What to do? I am already having personal loan in icici and hdfc with good track.

(Ques) I am a salaried person aged 30, no loans, married drawing around 8 lacks per annum, I am planning to buy a house and would need a loan any where between 20-25 lacks, would I be eligible for one? If so, what would be the EMI considering my age and other factors. Which banks do you recommend?

(Ans) You are eligible for a loan of Rs. 20 to 25 lacs. For a Rs. 25 lac loan at 11% for 15 years, the EMI would be Rs. 28,415. I would recommend that you take a floating rate loan from the bank where you receive your salary credit. They would be in a position to offer you the best deal.

(Ques) I am a salaried person; my annual income is around 6 lakh. I am planning for a home loan but the problem is that I don't have any money for down payment. Can you tell me some specific banks to be approached for a home loan without a down payment? If I can get a loan then please tell me if there are any special conditions for that sort of loan. Also what may be the interest rates on the loan and anything else of importance regarding my case?

(Qies) Which rate is the best, considering the present situation, Whether Fixed Rate of interest or Floating rate of Interest?

(Ans) Ideally you should decide on whether to take a fixed or floating rate of interest based on your view on the long-term interest rates. In my mind, these are likely to go down over a 5 to 10 year period, and hence I would recommend that you take a home loan on a floating rate of interest.

(Ques) I am working from last 3 years and monthly salary is 24000/-. Since I want to go for higher education so will be requiring loan for2.5 lacs. Kindly let me know what would be the EMI's & rate of interest on 2.5 lacs loan amount & from when I need start paying back the loan amt, after completing my education?

(Ques) I need a personal in the range 1lakh -2lakh, my monthly salary is 20000/- total work exp is 7 months. Working in a reputed mnc. Plz tell me if I am eligible for this amount.
(Ans) Prima facie you are eligible for this amount. Though some banks have criteria for total work experience, not all of them do. You could approach banks directly or aggregators like www.deal4loans.com for you loan requirement.

(Ques) I am having property worth rs 60 lacs in Delhi patparganj and having loan rs. 12 lacs taken 4 years back. Now I want to switch over from my banker SCB to other banker kindly tell me the best option . I am self employed professional and spouse working.

(Ans) You could approach nationalised or private banks like Bank of Baroda, ICICI, HDFC, etc. directly or aggregators like www.deal4loans.com. Please keep in mind the pre-closure charges that you will have to pay while making the switch.

I am 22 yr old, just started working 1 yr back in an patnership Advertisement company.Till May08 my salary was Rs 18000 per month and from June my Salary is Rs 24000 per month.I need Rs750000 home loan for buying a small flat in Kolkata. Can you guide me which bank will help me in this?

You can approach consolidation portals like www.deal4loans.com for your loan requirement. They are in a position to put you in direct contact with multiple banks who will be able to fulfill your requirement in one go.

I've an existing personal loan for a 4 year tenor. I've already paid 10th EMI. Is it possible whether my father can take over this existing loan, I mean can my father pay this existing remaining emi's, from his a/c directly and not from my a/c as I'm not working anymore. can I request the bank to do so?

I do not expect banks to accept such requests. This can be done if your father was a co-borrower on the loan. You should just get your father to deposit the money in your account and continue to pay the EMIs from your account.

I am a salaried person with a getting 5lakh salary per year. I need home loan of 12lakhs. I need this loan within 3months. What will be my EMI and am I eligible for this Loan amount?

You seem eligible for this loan amount, but as you have not mentioned details of your other debts, I cannot confirm the eligibility. The EMI on a Rs. 12 lac loan for 15 years at 11% will be Rs. 13639.
You can access an EMI Calculator here

(Ques) I stay in Navi Mumbai and have a home loan of 22lacs with ICICI. I want to transfer the loan to another bank which offers a lower interest. Also, it would be preferable if there are minimal or no processing charges for taking over the loan. I am prepared to pay off the penalty for the switch over.

(Ans) You can approach consolidation portals like www.deal4loans.com for your loan requirement. They are in a position to put you in direct contact with multiple banks who will be able to fulfill your requirement in one go.

I want personal loan of 150000. I m self employed doing business of medicines for last 5 years and earning average 12500 per month but I have no owned residence or the shop. can I get the loan?

You can approach consolidation portals like www.deal4loans.com for your loan requirement. They are in a position to put you in direct contact with multiple banks who will be able to fulfill your requirement in one go.

I am a salaried person with a getting 5lakh salary per year. I need home loan of 12lakhs. I need this loan within 3months. What will be my EMI and am I eligible for this Loan amount?

You seem eligible for this loan amount, but as you have not mentioned details of your other debts, I cannot confirm the eligibility. The EMI on a Rs. 12 lac loan for 15 years at 11% will be Rs. 13639.

I am female, married and live abroad. I would like to take a home loan in India jointly with my sister (unmarried). I know that a lot of banks are averse to this, but wanted to double check if there are any banks that approve sisters as co-applicants?

Yes, there are banks who approve sisters as co-applicants. Most of the nationalised and private banks are open to this, though some of them may require additional documentation

I have taken Personal Loan from CITIBANK almost 1 yr before, Paid all EMI's on time. Now I am looking for another personal loan for 5 lakh. Is it possible to get that? My net take home is 37000/- and EMI for CITI is 7000/- 2 yrs tenor I need to pay for my previous loan.

Prima facie you seem eligible for a personal loan of Rs. 5 lacs. You should approach consolidation portals like www.deal4loans.com for your loan requirement. They are in a position to put you in direct contact with multiple banks who will be able to fulfill your requirement in one go.

I am trying for a home loan for the property at Rani Bagh . Its a 3rd Floor, will it be possible to get a home loan, plz advise.

You should approach consolidation portals like www.deal4loans.com for your loan requirement. They are in a position to put you in direct contact with multiple banks who will be able to fulfill your requirement in one go. Different banks have different evaluation criteria, so you will just have to check with the respective banks about a loan for a 3rd floor property in Rani Bagh.

I have there personal loans:
1.UCO bank, EMI=2670,
2.Fullerton EMI=2347,
3.ICICI, EMI=4781.
All loans are above 12 months. I need One Loan of big amount. How should I go ahead for this?

Will buying a land come under Home Loan or Land Loan? Would buying land be tax exempt?

If you are buying land to construct a house, the tax exemptions of a home loan will apply. You will be able to claim the exemptions only post completion of the property. If you are buying land purely for investment purposes, the tax exemptions do not apply.

I am having three personal loans and one consumer loan from different banks and also having two credit card of different banks.I have always paid my all dues on time except one emi of each loans was bounced. I think my name is now listed in cibil. How should I clarify this?

I want to prepay my Personal Loan. I need to know the amount for which I need to send the Cheque/DD & to whom for preclosure.

You need to talk to the bank from whom the loan has been taken.

I have an existing home loan with ICICI for the last 10 months, however I need to transfer the loan at a lower interest rate. Which is the best option?

I do not think there has been a substantial reduction in home loan interest rates in the last 10 months and hence do not expect other lenders to offer you a much lower rate of interest on your loan. In case you are able to get a rate, which is lower by more than 4 % over your existing loan, it will make sense to pre-close the existing loan and transfer it to the new lender. You will also need to pay pre-closure charges to ICICI bank.

Can I get a loan for buying house in a chawl?

Banks and NBFCs have various criteria about lending for purchase of property. The title of the property is one of the key criteria. Houses in chawls usually fail this criterion. You may be able to get loans from local moneylenders for this purchase, but banks may not fund it.

I am a 45 years old I am working person in "Bst & Co. I want a home loan 20 to 25 lakh(s, my salary is 14,000/- per month. I can pay in a month around 10 to 12 thousands kindly provide the loan from Axis Bank I have Axis Bank Account. Now I have posted at Aizawl I want to Built my house at birth place in Impale, Manipur.

I am salaried woman and I get salary p.a.1,80,000/- .I have paid 2 loan, Housing loan Rs.5400 (SBI) and personal loan 1576(CITI BANK). if possible then I want another Personal loan Rs.75000-100000. Plz suggest.

You are already leveraged to the extent of almost 50% of your salary. I would not recommend that you take on any more debt, as servicing it may put too much of a strain on your resources. You should check for top-ups on your existing loans as they would not increase the cash outflow, but the tenure would increase.

I want to take a home loan to purchase a second sale property. The cost of property is Rs.5300000. my per month take home salary is Rs.79000. how much of loan am I eligible? which bank can provide 90% loan and lowest interest rate?. I want to take maximum loan amount.

If you do not have any other loans that you need to service, you could get the loan of about 38 lacs. You should approach consolidation portals like www.deal4loans.com for your loan requirement. They are in a position to put you in direct contact with multiple banks that will be able to fulfill your requirement in one go.