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Latest Answer: W.e.f 1st july, 2020 the ROI of the banks has reduced by 1-2%. Customer can now avail facilities at reduced rate of Interest. Further, Those you are running their Loan can also balance transfer the Loan account to Different bank to get cheaper ROI.
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Latest Answer: Yes indeed you need to have an insurance when you buy a property. But it need not be a home insurance always. You can have a term insurance instead which will have a high cover with less premium. By doing this you will cover the home loan as well as your loan amount will be covered.
Q:SBI may have cut its base lending rate by 40 bps to 9.3% following RBI's latest policy rate cut, but the actual reduction in housing loan rate will be a maximum of only 20 bps.
Latest Answer: Hi Rakshit,
The Maxgain loan is a home loan structured as an overdraft. In this loan category, the borrower is not charged any interest for any surplus that the borrower charge in a current account linked to the loan. For a Maxgain loan above Rs 1 crore, interest has been revised to 9.75% for women and 9.8% for men.