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Loan Against Property - HomeSaver |
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HomeSaver is a unique loan that enables you to pay the
lowest amount of interest. In fact, with HomeSaver, you can pay
off your home loan in 1/2 the time, 1/2 the cost! |
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Revolutionary home loan concept designed to help reduce the interest paid, and pay off the loan faster. |
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Deposit and withdraw your money
(salary and other income) whenever you need, without any charges |
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Interest calculated on daily
balance and applied monthly |
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Access your money whenever
you need with free globally valid ATM-cum-Debit card |
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HomeSaver
Operation |
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The graphic below shows how
HomeSaver operates |
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HomeSaver
Benefits |
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The table and graph below show how you can save on interest costs as well as shorten the tenure on your loan by opting for HomeSaver. |
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| Particulars |
Normal Home Loan |
HomeSaver |
| Loan Amount |
1000000 |
1000000 |
| ROI |
14% |
14.25% |
| EMI (Rs.) |
12435 |
12617 |
| Loan Tenure (months) |
240 |
240 |
| Total interest Repaid (Rs.) |
19,84,448 |
12,59,260 |
| Actual repayment period (months) |
240 |
168 |
| Savings on Interest (Rs.) |
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725188
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| Tenure Reduced By (months) |
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72 months |
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Assumptions: Gross monthly post-tax income of Rs. 33,500;
Monthly expenses of Rs. 20,000 |
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The rates assumed above are just for demonstration purposes. The interest rate applicable on your loan would be as mentioned on your Sanction Letter. |
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Savings compared to normal Home Loan |
| Savings on Interest: 36.5% |
Reduction on Tenure: 30% |
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Insurance is a subject matter of solicitation. Your (customer’s) participation in the insurance products is purely on a voluntary basis. |
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