Back

Next

Interesting home loan options

April 1, 2009

Almost all lenders have this option including ICICI, Bank of Baroda, Corporation Bank, et al.

Deutsche Bank calls it Flexi Home Loan, whereas HDFC offers this under a scheme called 2-in-1 Home.

Many other banks, such as Kotak Mahindra, offer this loan with a variation.

Rather than keeping half fixed and half floating, these lenders keep the loan fixed for a particular tenure and then make it floating.

In the case of Kotak, the fixed tenure is three years. SBI and Canara Bank offer fixed rate for one year.

Also read: 'In 2009, India, China could account for 100% world GDP growth'

Back

Next

Powered by