Moved two home loans to SBI through LOANGEBRA, one from a HFC and another from a bank. In both, the margin over their respective benchmark was not constant and that is where the root problem was.
It’s an amazing website. The clarity which they bring to your desktop and mobile is unmatched. I have just used their services to move my loan from one bank to another.
It’s a very useful website. The comparison table is the best. It provides more than adequate info that a home loan seeker needs to know than just the absolute numbers which banks generally share. I will recommend LOANGEBRA to all
Excellent customer service. Loan was sanctioned in less than 3 weeks and even the subsequent disbursement to the builder is hassle free. I highly recommend LOANGEBRA to all
Between a Max Gain & a regular account lies a confirmed savings of around 4 to 5.5% depending upon the tax bracket you belong to. LOANGEBRA explains it beautifully, recommend people to use the website & their services to avail the loan.
A simple excel comparison of different banks has now become a powerful home loan comparison tool. Way to go. All the very best to team LOANGEBRA
With LOANGEBRA, the loan sanctioning process, the 1st disbursement, the subsequent disbursements and finally the disbursement for interiors were all a seamless and easy process. Keep up the good work
I wanted a home loan for resale property. LOANGEBRA helped me understand the intricacies involved in funding of resale properties & the registration cost incurred which helped me take an informed decision. I strongly recommend them
The comparison tool is awesome. It helps you compare the proposals shared by different bank’s and HFC's across so many relevant parameters. You don't have to maintain a separate excel. Good tool. Highly recommended
This website has all the information that a home loan seeker is looking for. Overall www.loangebra.com is very good web/mobile site and also a reliable Home Loan Agency.
The savings calculator on loan transfer is superb. It gives the absolute savings in case of a loan transfer factoring in all the costs associated. Good work team LOANGEBRA
An ideal go-to web & mobile site for all your home loan related queries. The way its structured simplifies the matter for all home loan seekers. Highly recommended
Moved my loan from Bajaj Finance to SBI. LOANGEBRA helped me with the end to end transaction without any glitches. It's a good home loan agency & an even better consulting website
Looking for hastle free loan with best services & complete transparency then LOANGEBRA is the answer. Extremely happy & satisfied with them and they are the partner you would want to choose always
LOANGEBRA was our one point contact to complete our home loan formalities in SBI. They were prompt in responding to all our queries. Thank You and we wish LOANGEBRA the very best
Good Service from LOANGEBRA in getting my home loan approved within a week from applying, all documentation work was taken care studiously and collected from our doorstep, all our queries were answered promptly, would recommend them to anyone looking for a swift and prompt service
One stop solution for all your home loan needs. Gives you clear comparison on all hidden charges apart from the loan amount from different banks/HFC's
No other website/mobilesite prepares you for a home loan like loangebra.com. All points are mentioned in micro detail. Highly recommended
Superb content! It gives a whole new perspective on evaluating a home loan than just the rates. If in need of a home loan, loangebra.com is the site to visit
Home Loan interest rate offered to you is not a standalone alone number. It's a mathematical outcome of a fixed and variable component.
In our Proposal Comparison Tool we don't let users enter the interest rate directly. Only when you enter the Benchmark rate(Variable) and the spread(Constant) the interest rate gets auto calculated.
The regulating authority for all banks' is the Reserve Bank of India (RBI) whereas the regulating authority for all Housing Finance Companies is the National Housing Bank (NHB)
The new lending model of banks' is as follows ----- "EBLR (Benchmark) PLUS Margin (Spread) = Rate of Interest" ----- where EBLR is the External Benchmark linked Lending Rates and the External Benchmark being RBI REPO or Government of India Treasury Bill Rates
The lending model of Housing Finance Companies (HFC’s) is as follows ------ "PLR (Benchmark) MINUS Discount (Spread) = Rate of Interest" ----- where PLR is the Prime Lending Rate of individual HFC's
One easy way to find out how a particular bank or Housing Finance Company will react to RBI's REPO rate hikes and reductions in FUTURE is by finding out how they reacted to the same in the PAST. This will help separate the wheat from the chaff.
In a scenario where the yield on savings account and fixed deposit is extremely low the interest saver product is an ideal option. The triple benefits of absolute savings, savings being tax free and instant liquidity are unmatched in any other contemporary financial options
A Term-Life insurance is a superior product than a Home Loan Protection insurance as your coverage amount in Term-Life policy will remain constant and not reduce along with the home loan outstanding balance.
An ideal coverage amount and tenure for a Term-Life policy should be atleast 10 times your annual package plus all outstanding loan amounts that you have or intend to take in the near future and covered for a tenure of atleast your remaining work life.
Verify your interest rates online on the day of account opening/first disbursement and check if it’s the same as that mentioned on your sanction letter.
If EMI’s do not start on time it’s you who has to be worried and not the Banks/HFC’s. If the EMI does not begin on the stipulated date then the interest charged for the subsequent month will be on the summation of the initial outstanding balance PLUS the unpaid/unsettled interest amount of the 1st month
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