Easy India Loans

India’s second largest bank with about 614 branches and extension counters, ICICI bank offers a wide range of services ranging from investment banking, life and non life insurance, venture capital and asset management .ICICI offers a variety of loans which are suited to match different requirements.
 

Home Loans
These loans are offered at attractive rates of interest with amounts starting from 2 lakhs with a tenure pt 20 years. The other benefits offered are free personal accident insurance, insurance options for one’s home at an attractive premium and special 100% funding for select properties. The bank also gives the option of selecting a loan that would suit one’s needs the most. So one could choose from an adjustable rate home loan, fixed rate home loan, part fixed floating rate home loan, smart fix home loan, money saver home loan as well as balance transfer of one’s existing home loan from other banks.   ICICI also disburses land loans, office premises loans, home improvement loans, and home loans for NRI’s. It is also possible to leverage one’s existing property and get a loan against property, property overdraft or lease rental discounting and all of these are available on an adjustable rate or a fixed rate.

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The public sector State Bank of India is India’s largest commercial bank with a network of 9,000 branches offering range of banking services such as
· Personal Banking
· Gold Banking
· NRI Banking
· International Banking
· Corporate Banking
· Small Scale Industries
· Small Business Finance
· Rural Banking
· Government Business
· Home Loans

SBI Bank India has 52 Foreign Offices in 34 countries.In the  mid-’90s when SBI was facing stiff competition from whole lot of private sector banks, the assistance of McKinsey & Co was sought to help in its restructuring. Today SBI  has again approached Mckinsey for another round of restructuring as aggressive foreign banks who have the advantage of superior technology like ICICI Bank and HDFC Bank are eating into SBI’s market share of interest and fee-based income.

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There are a large number of banks and financial institutions, which provide for easy and effort free loans. However most times people fail to see the exorbitant interest rates that these loan sharks charge you. As a result if you were even a little complacent with your bill payments you would end up falling into a debt trap. There would be many people around like me who would have taken a loan from by seeing the glossy adds that pop up every where you lay your eyes on and than would have easily fallen into debt traps of these loan sharks.

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Not very long back, for the average middle class Indian having one’s home was an issue which was a source of great mental stress  because one had to spend one’s entire lifetime saving for this ultimate dream without which there is no security or stability in life. But today all this has changed because of the ease with which one can get a variety of home loans from innumerable banks and financial institutions that have entered the arena. In fact, these home loans have an amazing variety such as home equity loans, home improvement loans, interest only home loans, mobile home loans, bad credit home loans, secured home loans, new home loans, simple home loans and construction home loans etc.
 

Today it is possible to actually move into one’s home as soon as one can cough up the down payment and of course keep paying the installments.  But one has to beware of the fact that the home loan is actually a mortgage and in case you default on your payments, you could loose your home.

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The distinctive feature of a personal loan is that there is no security, collateral or guarantors required to be given in order to avail of this loan and this loan can be used for anything that one desires be it a car, jewelry or a holiday or a sudden vacation planned with the family, basically to fulfill any requirement. Personal loans are time related i.e. one may need it for a daughters marriage, to buy some necessary consumer durables or retire some old debts.The eligibility of an individual for a personal loan is and the amount of the loan is arrived at after taking into account his net take home salary. The tenure of the loan could vary for one to five years and repayment is in monthly installments or EMI’s as they are called.

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