Volume : III, Issue : X, October - 2014

Home Loan: A Comparative Analysis Of SBI And HDFC Bank

Ms. Prabha Garg, Dr. Ramphool Sharma

Abstract :

Every citizen of the country dreams of having his own house. Especially when you plan to buy a home on loan. Home loans means that you buy a house on installments. In other words w hen you want to own a home and cannot afford to pay the amount in lump sum, you can pay it in monthly installments with an interest rate. There are number of companies and banks offer cheap loans at a low interest rate. Loan is offered to a borrower to purchase or build a new house on the basis of his/her eligibility and the bank’s lending rules. Government gave encouragement for house finance subsidiaries by offering number of tax concessions to individuals with the overall encouragement given to this sector, a number of players entered in housing finance. One of the most important benefits of taking a home loan is the interest rate that is allowed on the home loan. So this particular section will keep the housing loan demand high and increased lending rates can only shelve their plans for some time.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Ms. Prabha Garg, Dr. Ramphool Sharma Home Loan: A Comparative Analysis Of SBI And HDFC Bank International Journal of Scientific Research, Vol : 3, Issue : 10 October 2014

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