Prepayment penalty, a nightmare suffered often by individual borrowers of home loans, is set to end. Prepayment of a loan means payment of all debts before the due date. Prepayment penalty is an amount charged by banks if a borrower wants to prepay their loan. Prepayment penalty in some banks can range between one and [...]
switching home loan
Articles and Resources about switching home loan
How To Lower Your Home Loan EMI
Wednesday, May 11th, 2011The rise in property prices has impacted the fixed and floating rate of interest to a certain degree. As home loan interest rates rise, the housing loan eligibility rules also become tough. Today, when home loan interest rates are high everywhere, banks have the ability to increase tenure up to a certain point. Every EMI [...]
Choosing A Right Home Loan Lender
Wednesday, April 27th, 2011Home Loan plays vital role in fulfilling your dream for buying a property or investing in real estate sector. Various banks offer home loan with their own terms and conditions. The first factor most people consider is the interest rate and EMI, but that’s only the beginning. Many banks may be having some fine print [...]
Refinancing Home Loan in India
Wednesday, September 15th, 2010Refinance has become a common way of repaying the earlier debts and creating new ones. Refinancing in simple terms means replacing your existing loan, with a new one, under fresh terms and conditions. The new loan or refinance taken for the payment of earlier loan is always at lower interest rates so that the person [...]
Home Loan- Get Benefit By Shifting To Base Rate
Friday, August 6th, 2010Base Rate is one of the reforms on banking system by RBI to reduce the lending risk for banks. Before setting the base rate system, banks used Prime Lending Rate (PLR) to set their lending rates. RBI come up with the new Base Rate system where banks can lend the loans based on the new [...]
