Tag: Home Loans

Prepayment Penalty on Home Loans in India – Abolished

In a relief that has come to Home Loan borrowers, the Prepayment Penalty on Home Loans has been scrapped and abolished by the Regulator of Home Loans in India i.e. the National Housing Board (NHB) The Notification for Removing Pre-Payment...

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Prepayment and Refinancing as tools to reduce the increasing EMI’s

Has the Interest Rate caught you off guard and you are in a situation where you don’t see a way to cope with the rising EMI’s of floating home loan rates? Had you known about the steep rise in interest...

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Why do Banks ask for Bank Statements for Processing Loans?

One of the Major Requirements while filing an Application for Loan is the Bank Statements of the Previous Six Months. But what is the benefit of providing the Bank Statements and what do the Banks try to search for in...

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