NEWS & ADVICE : HOME LOANS
Axis Bank brings total fixed home loan scheme
By Joseph Samson
Sep 30, 2011
Print    Email    RSS   

Private sector lender Axis Bank has introduced a completely fixed interest rate home loan scheme for the extremely conservative class of home buyers.

Borrowers who want to hedge themselves in totality from market fluctutations in interest rates can actually feel relieved with this scheme.

As its name suggests, 'NISHCHINT' - the life time fixed interest home loan plan comes with an interest rate of 11.75% and a repayment tenor of 20 years.

For loan upto Rs 20 lakh, the loan-to value ratio would be 85% and 80% for loans amounting more than Rs 20 lakh, said the bank.

"At Axis Bank, we want to offer the customer certainty about the EMI they need to pay for the entire life of the loan. 'NISHCHINT' offers that option to the customer at a very attractive rate," said ED (retail banking) of the bank, Mr.R K Bammi.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Tax Planning for Working Women in India
How to increase one’s Home Loan Eligibility
NRI Banking in India
Bank of Maharashtra reduces home loan rates
Hybrid loans – are they beneficial?


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive