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What are the Advantages for Women Applicants in Case of Home Loans?
Posted by anuragmishra on May 27th http://www.cheapairmax97shoesforsale.com/ , 2017


If you are a woman who is planning to buy a residential property, you’ve got some reasons to cheer. It is a known fact that women in India enjoy certain benefits when it comes to loans, more so in case of home loans. They need to pay lower interest rates as compared to men. It is because there is a general perception that women pay their dues on time and are less likely to default.


The financial sector in India at large provides special benefits and concessions to women whether it is about opening an account, tax exemption or borrowing a home loan for women.


Home Loan Advantages Enjoyed By Women in India


One of the most crucial factors in case of a home loan is the interest rate at which it is offered. The interest rate helps in determining the financial institution as well. Every small variation in the loan interest rate can make a huge impact on your monthly EMIs (Equated Monthly Installments). Since home loan involves a huge sum of money, having a concession in interest rate can help you save a good amount over the entire loan period. This is one of the most important benefits that Indian women can have while applying for a home loan for women. However cheap air max china , a woman can get preferential or lower interest rates only when she becomes a primary applicant or co-applicant for a home loan.


Banks Promote Women Empowerment by providing them Loans at Concessional Rates


Banks highly promote loan assistance at concessional rates to the womenfolk. By doing so they encourage financial empowerment and independence of women. Besides, they also believe that women have a lower risk profile as compared to men. Interest rates have a close relation with the perceived risk profile of the applicant. However, for an applicant with higher risk profile, the home loan interest rates will be higher. Having said that, whether woman or a man cheap air max 270 , no bank will extend a home loan or any sort of financial assistance to an applicant without a satisfactory credit score as well as necessary documentation.


Special Home Loan Offers for Women from Different Banks


Different banks have come up with their own home loan for women applicants. While SBI has its ‘Her Ghar’, HDFC has named it as ‘Women Power’. ICICI too offers home loan for women at concessional rates. As of July, 2015, the lowest rate at which a woman applicant could borrow a home loan was 9.85 percent, whereas the same for a male applicant was 9.90 percent. Similarly cheap air max 95 , stamp duty for house registration is lower in some states if the house is registered in the name of a woman. Although banks do not mention these schemes in their advertisement, they usually show interest in accepting home loan for women applicants and co-applicants.


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Balancing The Benefits Of Reward Programs Against Credit Card Costs

Posted by nick_niesen on October 29th, 2010


0 APR credit card APR, cash back and optional rewards etc. are several reasons for any one to opt for a good credit card. They are also a useful and a smart way to meet ones financial needs. Most of the credit card companies offer most attractive features to lure their customers.


These credit card companies offer 0 APR credit card for several reasons and in several manners. Many cards offer 0 APR credit card for first six months and after the introductory period is over the regular APR is applicable on any purchases made through the cards. This offer for regular period ranges from 12.49% to 15.99% on such a 0 APR credit card.


Credit companies offering a student credit card offer a 0 APR credit card. Most of the 0 APR credit card offer applies to the student credit card on all purchases, cash advances and balance transfers as long as the student does not default under the card agreement. The 0 APR credit card is offered usually by most reputed banks like Citibank cheap air max 97 , ABN Amro, Chase, etc. Some merchants also offer 0 APR credit card like British Airways, NorthWest Airlines, Hilton Hotels cheap air max 90 , etc.


Travel cards offered by various merchants and banks like Chase, British Airways, and etc. offer 0 APR credit card for which the introductory period of 0 APR is applicable for first twelve months. 0 APR credit card of a travel category also offers various other benefits other than 0 APR. These benefits include bonus miles, free flights, hotel stays cheap nike air max shoes , extra miles or bonus reward points on purchases from participating merchants. Travel 0 APR credit card are also eligible for redemption of reward points at any of the issuing banks or merchants outlet and also at any of the participating merchants.


0 APR credit card have the 0 APR period on limited to a few months. After the period is over the regular APR applicable on these cards can be fixed or variable. One must look for such a 0 APR credit card for which the regular APR period is most convenient. In a fixed APR credit card offer the finance charges are usually high but there is a bottom line for charging the finances. If the published index goes higher then the fixed APR does not change and finances charged remain the same. IN case of a variable APR after the introductory period is over on a 0 APR credit card, the finance charges are low. The existing APR is determined on the basis of published index on the basis of which the finances are calculated for the existing billing cycle.