Top 10 stocks to buy in uncertain times

September 3, 2013

Top 10 stocks to buy in uncertain times

  1. L&T: The stock is trading at decade low valuation.
  2. HDFC Bank: Consistency will lead to premium valuation.
  3. Reliance Industries: Myopic market is ignoring long-term value.
  4. Coal India: High risk reward with low risk.
  5. M&M: Rural consumption will lead to re-rating.
  6. Ranbaxy: Top Pharma pick with target of Rs. 675.
  7. BPCL: Upstream investment value equals its entire stock price.
  8. Prestige Estates: Rental income to lead to 100 per cent upside in 3-year.
  9. Eicher Motors: Company well positioned for strong growth. Royal Enfield will cruise along for high growth.
  10. Gujarat Pipavav Port: Recovery in container volume will lead to growth.

 

Source : NDTV Profit


Home loan gone cheaper check out

January 6, 2009

homeIt’s a good time for those planning to avail of a home loan.

Home loan rates have come down and new slabs have been introduced to make it easier for people to buy the house of their dreams.

Banks have slashed interest rates on priority sector home loans (of up to Rs 20 lakh or Rs 2 million) till June 30, 2009.

With the latest rate cuts announced by the Reserve Bank of India on January 2, the prime lending rates are expected to fall further.

All public sector banks have agreed to offer home loans up to Rs 500,000 at a interest rate of 8.5 per cent, between Rs 500,000 and Rs 20 lakh at 9.25 per cent.

These banks will not charge any processing fees and pre-payment charges for loans up to Rs 20 lakh, and would also provide free insurance cover.

Public sector banks are offering a margin money requirement of 10 per cent for a loan amount of Rs 500,000 and 15 per cent for loans between Rs 500,000 and Rs 20 lakh.

Earlier, the margin money varied from 20-25 per cent. Existing customers will also be able to enjoy the benefits of the new floating rates from the following quarter from the date of the revised rates.

Housing Development Finance Corporation (HDFC) rules the home loan market with a 40 per cent market share, followed by ICICI Bank (with 25 per cent share), and State Bank of India (SBI) with 18 per cent of the market share.

For home loans up to Rs 5 lakh (Rs 500,000), SBI’s floating rate is 8.5 per cent (10 per cent would be the margin money). Home loans between Rs 5 lakh and Rs 20 lakh is 9.25 per cent (15 per cent is margin money).

Home loans between Rs 20 lakh and Rs 30 lakh (Rs 2-3 million) will have an interest rate of 9.75 per cent for 5 years, 10 per cent for 5-15 years and 10.25 per cent for 15-25 years.

Loans above Rs 30 lakh would be charged (floating interest rate) at 10.25 per cent (5 years), 10.5 per cent (5-15 years) and 10.75 per cent for (15-25 years).

Fixed loans for Rs 30 lakh would be charged at 11.25 per cent and above Rs 30 lakh would be 12.15 per cent. The tenure would be ten years.

There would no pre-payment penalty and no processing fee for loans up to Rs 20 lakh.


HDFC

HDFC has reduced rates to 10.25 per cent for home loans up to Rs 20 lakh.

For home loans between Rs 20 lakh and Rs 75 lakh, the rate (floating interest rate) will be 11.25 per cent and rates for home loans above Rs 75 lakh (Rs 7.5 million) will be 11.25 per cent.

The fixed interest rate will be 14 per cent.

Bank of Baroda

Home loans between Rs 5 lakh and Rs 20 lakh will be charged an interest rate of 9.25 per cent. The margin amount in this slab would be 15 per cent. There is no processing fee.

For loans between Rs 20 lakh and Rs 30 lakh (Rs 2-3 million), it would be 9.25 per cent for 5 years, 9.50 per cent for 15 years and 9.75 per cent for 25 years.

A processing fee of 0.35 per cent on the loan amount would be charged.

Home loans between Rs 30-50 lakhs (Rs 3-5 million) would be charged at 10 per cent (5 years), 10.25 per cent (15 years) and 10.50 per cent (20 years).

For loans above Rs 50 lakh, an interest rate of 10.5 per cent, 11 per cent and 11.25 per cent will be charged for a tenure of for 5 years, 10-15 years and 20 years respectively.

The processing fee for loans above Rs 30 lakh would be 0.4 per cent of the loan amount.

ICICI Bank

For home loans below Rs 20 lakh (Rs 2 million), the floating rate has been cut to 11 per cent.

Home loans above Rs 20 lakh will now be offered at 12.5 per cent for tenure of 15-20 years.

The bank had reduced the floating rates for home loans below Rs 20 lakh from 13 per cent to 11.5 per cent in December.

The fixed loan rate will be 16 per cent.

An administration fee (most banks refer to it as processing fee) of 0.5 per cent would be charged on all loans.

Punjab National Bank

The floating rate is 9 per cent for home loans below Rs 20 lakh (Rs 2 million) for a tenure of 5 years.

Loans above Rs 20 lakh will be charged at 10 per cent up to 5 years.

For 5-10 years, the rate on a loan of up to Rs 20 lakh is 9.5 per cent. Above Rs 20 lakh, it will be 10 per cent.

For 10-20 years, the rate on a loan of up to Rs 20 lakh is 9.75 per cent and above Rs 20 lakh is 10.2 per cent.

A processing fee of 0.9 per cent on the loan amount will be charged.

Dewan Housing Finance Ltd

For home loans up to Rs 20 lakh (Rs 2 million), the rate is 10 per cent and the rate for loans above Rs 20 lakh is 11.25 per cent.

If you are buying a house in a rural area, the rate would be 9.75 per cent for Rs 15 lakh (Rs 1.5 million) for a period of 20 years.

LIC Housing Finance

For home loans up to Rs 20 lakh, LIC Housing charges a rate of 9.25 per cent. For loans above Rs 20 lakh, the rate would be 11.25 per cent.

The processing fee on the loan is 0.5 per cent of the loan amount.

IDBI

Home loans for up to Rs 20 lakh are charged at 9.25 per cent for a period of 10-20 years.

Loans above Rs 20 lakh are charged at Rs 10.75 per cent.

Source: Rediff