Home loan providers in Pune
There were days where financial decisions were made by men in the family.Today, women have become more aware, financially independent and started creating assets like house properties to support themselves. Mahima Agencies, Home Loan Providers in pune empowers women power.
So, the government has introduced this policies, which encourage women empowerment and ensure their financial inclusion. Its a great sense of financial security for a woman, to possessing her own house
For this the government has taken various steps like special accounts for women & girl child, concessional rates and also special schemes to encourage women to buy houses & take home loans in their name.
Below are the advantages of b,.l women borrowers of home loans have:-
1) Lower Interest Rates:
Mahima Consultancy offer lower interest rates on housing loan to female borrowers as compared to their male counterparts because
- i) to encourage financial empowerment
- ii) they (banks and NBFCs) believe women have a lower risk profile as compared to men. Have a look at the interest rates offered by some of the banks to women and other borrowers:
Effective Home Loan Rates for Women Borrowers v/s others
|Bank/Financial Institution||For Women Borrowers||For Others||Benefit|
|State Bank of India||8.60%||8.65%||0.05%|
|Punjab National Bank||8.65%||8.70%||0.05%|
|Note:- For Amount upto Rs. 75 lakhs only|
2) Higher probability of loan getting accepted:
The applicant must match the eligibility criteria s of the lender, submit the required documents & proof, and also have a healthy credit score to apply for Home Loans. Mahima Agencies is Home loan providers in Pune
Hence, though loans are approved on the basis of numbers and documents, it is an unwritten fact that the chances of a woman applicant/co-applicant getting a home loan are higher than a man.
3) Very Low Stamp Dutie:
Although this is not an advantage offered by lenders, but it is yet a major saving for the borrower. The Stamp Duty to be paid for registering a house deviates from state to state in India.
There are several other criterias and sub-criterias on which the stamp duty depends. But, only three states viz. Delhi, Rajasthan, and Haryana have offered a partial waiver on stamp duty to women borrowers of the house in these respective states.
Check out the rates and the benefits arising there from:-
Stamp Duty: Women v/s Men
|State/U.T||For Women||For Men||Benefits|
Thus, women borrowers of a home loan have many benefits while buying a home. Hence, predictably women have been increasingly buying homes in India.
According to some estimates, more than 30% of the home buyers in urban India are women. In future, with women becoming increasingly independent, this number is likely to rise.
So ladies, what are you waiting for?? Buy the home of your dreams today; Mahima Agencies will be at your door steps to provide you Home Loans in Pune