poonam9695's picture
poonam9695
219 Boards 231 Marks 0 Likes 3 Followers 0 Following 0 Unfollowers 55 views

Marked 1 year 1 month ago onto Property Mortgage Rates

Rs0.00
Property Mortgage Rates | DealsOfLoan

Source: http://www.dealsofloan.com/property-mortgage-rates/

Property Mortgage Rates | DealsOfLoan
To understand how banks declare their interest rates, we need to know about the basic of lending cost, what is the current cost of funds. Normally lending cost as per market is approx 9% per annum and if we add some fix cost of lending then it will go up to 11% for non banking financial companies. But banks has large benefit of in house customers having huge current account base. The average minimum account balance is greater than Rs. 10,000 and it can go up to 10 lacs for some unique account. If we talk about average bank balance of current account base where bank do not need to give a single rupee against the minimum average balance maintenance. On the basis of this knowledge, we can say, bank has their own fund for lending without paying interest rates. So the average costs of interest rates are 10%, where there is negligible expense on funds distribution against the mortgage loan & Home Loan.


Loading...
Category: 
Comments
Leave your comment below

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Marked onto the category

Business

Ahmed ali riaz malik Chief Executive officerBuy & Send Bhaiya Bhabhi Rakhis Online in India via Indiagift Express DeliveryTop Franchises Opportunities in Australia – Business Franchise AustraliaPet Care Mailing List |Updated Pet Care Industry Mailing ListAs I Am Cleansing Conditionerbiometric attendance systemUSA Import data
Principles of Plumbing Services in Buildings -BuildersMART
Originally Marked by

poonam9695

Budget 2016 for Road Ministry | DealsOfLoan
20 Home Loan Charges You Must Know ! | DealsOfLoan
Marked onto the board

Property Mortgage Rates

Property Mortgage Rates | DealsOfLoan
Navigation
User login
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Recent comments
Latest tweets
Scroll to top