asdfdg12323asdfdg12323

Before taking the home loan following are the hidden charges which should be taken care of Conversion fee is the paid when you switch your loan from one type to another. This is the amt you need to pay for decreasing interest rate throughout the loan tenure. For example, if a home loan was taken by you at 13 percent which is 10 percent base rate with an additional 3 percent mark up, but overtime your bank is offering loans at just 10.35 percent and you still pay 13 percent, you can reduce your rate of interest by decreasing the 3 percent mark up to 0.35 percent. But the banks will charge for this conversion and that is called conversion charges. The late payment fee is paid when the EMI payment is delayed. The borrower is supposed to pay a Late Payment fee of Rs. 500 or 2 percent additional interest per month as penalty. If you fail to make payment of EMI for a month or so, the bank has to undergo few technical procedure to recoup the cost by charging add recovery charge.Before taking the home loan following are the hidden charges which should be taken care of Conversion fee is the paid when you switch your loan from one type to another. This is the amt you need to pay for decreasing interest rate throughout the loan tenure. For example, if a home loan was taken by you at 13 percent which is 10 percent base rate with an additional 3 percent mark up, but overtime your bank is offering loans at just 10.35 percent and you still pay 13 percent, you can reduce your rate of interest by decreasing the 3 percent mark up to 0.35 percent. But the banks will charge for this conversion and that is called conversion charges. The late payment fee is paid when the EMI payment is delayed. The borrower is supposed to pay a Late Payment fee of Rs. 500 or 2 percent additional interest per month as penalty. If you fail to make payment of EMI for a month or so, the bank has to undergo few technical procedure to recoup the cost by charging add recovery charge.

Credit score is basically three digit number which the credit agencies like CIBIL,CRISIL provides you on the basis of your credit worthiness. To improve your credit score you can either take a loan or a credit card.Taking credit is feasible option as you get extra credit for your purchases,you take credit from any of good banks they provide you extra facilities like reward points, liquid cash for transactions,waivers.These reward points and transactions you can check in bank statement.Good credit score should be above 750.Credit score is basically three digit number which the credit agencies like CIBIL,CRISIL provides you on the basis of your credit worthiness. To improve your credit score you can either take a loan or a credit card.Taking credit is feasible option as you get extra credit for your purchases,you take credit from any of good banks they provide you extra facilities like reward points, liquid cash for transactions,waivers.These reward points and transactions you can check in bank statement.Good credit score should be above 750.