Current Base Rate Of Ing Vysya Bank

Hey I am Vijay and I am making my mind to build my own house so can you tell me what the current base rate of ING Vysya Bank so that I can take loan for my home????

[Shaleen]

Hi Vijay as per your demand here I am telling you that Private sector lender Kotak Mahindra(Ing Vysya Bank) Bank joined its larger rivals when it cut its base rate by 0.15% to 9.85%.

Here I am giving you the idea of other bank also
Lakshmi Vilas Bank on the other hand reduced its deposit rates on select maturities by up to 0.15% following the base rate cut
The largest lender, State Bank, had announced a 0.15% cut in its base rate while others like HDFC Bank (0.15%), ICICI Bank (0.20%) and Lakshmi Vilas Bank (0.20%) followed suit.
Mortgage major HDFC, too, slashed its lending rate by 20 basis points.
The RBI had cut its repo rate, the rate at which it lends to banks, twice this year by a cumulative 0.50% to 7.5%.

For applying for the home loan you should pass this elligibity criteria in Ing Vysya Bank

If you are Salaried individual then you have to show your

Monthly or annual income
Source of income
Savings and credit history
Work experience
Age
Qualifications
Number of dependents
Probability of the individual continuing in the same occupation

And if you are Self employed then the bank will demand

An audited balance sheet
Profit and Loss Account of last three years