EMI stands for Equated Monthly Installment. It involves repayment of the principal amount and payment of the interest on the payable amount of your home loan. A longer loan tenure (for a maximum period of 30 years) helps in reducing home loan EMIs. What are Home Loans Key Features and Benefits? A home loan needs to buy a property or purchase a …
The partial payment of the home loan decreases the total tenure of the existing loan and EMI. You can do as per your financial needs. When you get any unexpected payment or bonus you have the provision to pay off partial payment of the home loan. A person repays the loan to reduce financial liabilities. …
Are you going to take a home loan from India’s well-known lender i.e. SBI then you should first know that what SBI offers on home loans? Hence, to give you such information we are here to share all the important terms that you should check in before taking any decision. So, this article will contain …
A home authorization letter is a letter that shows that a home credit application has been effective. A loan refers to a certain sum lent by a bank at interest. Generally, a loan has a term of tenure. It’s not always what we want. In fact, we may be in dire need of money and we …
What is a home loan sanction letter and why it is important? Read More »