Updated Guidelines for Home Loans

The guidelines of Reserve Bank of India on the base rate for Home loans have favored the loan borrowers by helping them get a reduction in the interest rates. The change, however, will be implemented w.e.f from December 2010. It will help the borrowers to compare the interest rates offered by various banks and choose one as per their convenience.
The prevalent home loan EMI’s deduct a major chunk of the income of the borrowers, thereby making it a profitable deal for the lenders. A hike in the interest rates was seen from 7% in 2005 to almost 13 % off late. Despite this, the bankers still are luring the borrowers. Although, the RBI has been lenient to the banks who had asked for a stipulated time span to implement a degree of transparency, due to deficit profits, it was left to wonder that how many banks did not make profits. The fluctuating interest rates leave the borrowers in a dilemma to take up a loan or to wait for the interest rates to deteriorate.

Hunting for the best loan services provider became much easier now

There are times when you have made up your mind for an investment in a property, a four wheeler or a home, but lack of funds comes up as a big issue and there is no other option than taking a loan from bank. Taking a loan is not every man’s job as it involves numerous formalities and hassle. My Loan Bazaar, operating from Delhi/NCR is one such service provider who can ease out all you financing needs by offering you all sorts of loans and funds easily. What more can you ask for? The entity has ventured with various banks to provide loans. Our work involves less documentation and formalities and provides quick approval.

We offer you efficient services at your doorstep and flexible repayment solutions in easy EMI’s. The clients are also offered additional facilities when they are already a bank account holder. All the services are highly prompt and cost effective. My Loan Bazaar has gained the utmost trust of its clients owing to their array of services, meant to fulfill your all round fund needs.

Introspect before you proceed to take a loan

Planning to buy property, a house of just looking for a financial backing or a loan? Now you don’t need to roam about and find a bank. Your search ends here as My Loan Bazaar, is one stop loan providing destination. We operate from Delhi/NCR region and have collaboration with various banks, to offer you loans at competitive interest rates. The organization efficiently meets all your financing needs and provides solutions for cash loans, home loans, financial and property consultancy.