your father requires a home loan whearas your uncle requires a buissness loan they both have enstrusted you with the task of finding the best deal for them. you need to find out the terms and conditions of different banks at least 3 banks ,one nationalized and one private bank amoungst them and suggest them which bank would give them the best deal .
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These are floating rate loans wherein the interest rate changes depending on the Reserve Bank of India’s policy rates. Most significant lenders don’t offer fixed rate loans.
“Lowest rates depend on many factors, including age, gender, income, credit score, property value, location or city of the project, and so on. All of these conditions are not highlighted in the advertisement. Thus, a customer should check his eligibility across multiple banks before making a decision," said Raj Khosla, founder and managing director, MyMoneyMantra.com, a financial services platform.
Credit score matters
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