Compare Home Loans in India across all major banks. Wondering how much money you could save if you changed your home loan to another bank? Compare interest rates across multiple banks, find out the maximum loan amount you can borrow, figure the LTV ratio, find out the tenure of the home loan and much more.
How it Works
We at Ram Associates helps online users in comparing loans instantly.
✶ User has to fill the loan requirements in the online form.
✶ Personal & professional details are required to get accurate quotes.
✶ User gets live comparison of loans from different banks.
✶ After comparing users can select bank of his / her choice.
Why Ram Associates
Ram Associates has a vision to serve customers with all financial needs.
✶ Unbiased comparison of all loans.
✶ We have group of financial experts
✶ Lowest interest rates as per the need
Who We Are
We are a team of loan experts who will assist you in doing right decisions for all your loan needs.
✶ Average experience of team is 25+ years
✶ We know the power of comparison and want users to get benefit from it.
✶ Our team has good technical knowledge and using that we are building a platform which will help users in getting best loan.
FREQUENTLY ASKED QUESTION
What is EMI?
EMI (Equated Monthly Instalment) is the amount payable to the lending institution every month, till the loan is paid back in full. It consists of a portion of the interest as well as the principal.
What are the eligibility conditions for home loan?
To qualify for a home loan , you must be:
- An Indian resident or NRI
- Above 21 years of age at the commencement of the loan
- Below 65 when the loan matures
- Either salaried or self employed
Who can be a co-applicant?
A co-applicant is/are the co-owners of the property which is being offered as collateral/security to the loan. However all co-applicants need not be co-owners. Co-applicants to the loan are generally husband/wife, father/son etc.
What is a fixed rate of interest?
Fixed rate of interest means the rate of interest remains unchanged for the entire duration of the loan. This means you do not benefit even if home loan interest rates drop in the market during the course of your loan.
What is a floating rate?
In this case, the rate of interest fluctuates based on the market lending rate. This means you stand the risk of paying more than you budgeted for in case the lending rate goes up.
What are the other costs that usually accompany a home loan?
Home loans are usually accompanied by the following costs:
Processing Charge: Itis a fee payable to the on applying for a loan.
Pre-payment Penalties: If the Housing loan is under Variable/Floating Rate loan and the loan is prepaid through any source, no prepayment charges shall apply If the Housing loan is under fixed rate, the prepayment charges shall apply except in the cases in which the customer is paying out of his â€˜Own Sourcesâ€™. The expression â€˜own sourcesâ€™ indicates that the proceeds of the prepayment should be from â€˜any source other than from a bank/HFC/NBFC and/ or a financial institution
All other Loans would continue to attract pre-payment penalty upon pre-closure, as per the terms and conditions of the loan agreement which is duly signed and executed by the customer.
- Commitment Fees: Doesn't take any commitment fees from consumers, while some Institutions levy a commitment fee in case the loan is not availed of within a stipulated period of time after it is processed and sanctioned.
- Miscellaneous Costs: Levies a minimal charge of ` 220 only for Standard documentation charges.