Comments on: Are 30 year home loans avaliable in India like they are in US? http://MORTGAGEBASICS.INFO/are-30-year-home-loans-avaliable-in-india-like-they-are-in-us/ Sun, 20 May 2012 06:26:51 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Adam S http://MORTGAGEBASICS.INFO/are-30-year-home-loans-avaliable-in-india-like-they-are-in-us/comment-page-1/#comment-8997 Adam S Sat, 28 Jan 2012 22:21:17 +0000 http://MORTGAGEBASICS.INFO/are-30-year-home-loans-avaliable-in-india-like-they-are-in-us/#comment-8997 India offers many types of home loans. Take a look at the following URL from the Bank of India: http://www.bankofindia.com/Home/productsservices/homeloans.asp I have not been able to find any loan that exceeds 240 months- Not that it does not exist. Though not an expert in India's Real Estate Market, I hypothesize that Real Estate is relatively inexpensive compared to US markets. As such, repayment on a 20 Year loan may yield a comparable, or lower monthly payment than that of a congruent US flat. Such may also be a wise investment considering the recent economic growth in India. I have found the following site that may aid you in a search for finding a property in India: http://www.indiaproperties.com/ Best of luck to you! Area Manager for a Major U.S. Wholesale Lender 10 Years Mortgage Experience India offers many types of home loans. Take a look at the following URL from the Bank of India:

http://www.bankofindia.com/Home/productsservices/homeloans.asp

I have not been able to find any loan that exceeds 240 months- Not that it does not exist. Though not an expert in India’s Real Estate Market, I hypothesize that Real Estate is relatively inexpensive compared to US markets. As such, repayment on a 20 Year loan may yield a comparable, or lower monthly payment than that of a congruent US flat. Such may also be a wise investment considering the recent economic growth in India. I have found the following site that may aid you in a search for finding a property in India:

http://www.indiaproperties.com/

Best of luck to you!

Area Manager for a Major U.S. Wholesale Lender
10 Years Mortgage Experience

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