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Home loan

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Refinancing your home loan: Does it make sense?

A home loan refinance may just be the smartest thing for you to reduce your monthly expenses and improve credit, all at once. In simple terms, Refinancing Home loan means replacing your existing loan with a new one, under fresh terms and conditions. Some borrowers choose to refinance their home loan to terminate the existing […]

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Refinancing Home Loan in India

Refinance has become a common way of repaying existing 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 can […]

CommonFloor Editorial Team

Home Loan- Get Benefit By Shifting To Base Rate

Base 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 […]

Base Rate Will Not Affect Home Loan

Base Rate for loans is effective from July 1, 2010. Base Rate is a more objective reference number than the benchmark prime lending rate (BPLR). The impact of Base Rate for individual customers could be 25 basis points more or less when compared to the current rate of interest that is being paid. However, existing […]

Home Loan Amortization For Periodic Payments

Amortization is the process of clearing out your home loan by making periodic payments. Amortized loans are different from other loans due to the way the amount and the structure of each payment is determined. The word “Amortization” or amortisation comes from Middle English “amortisen”. This term means to deaden or kill, as in to […]

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