Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors. Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. ![]() You should only make a prepayment when it will be lower than your total EMI amount. In case the prepayment fee is too high, you might not benefit from making a prepayment. You should ask your lender in detail about the prepayment charges. However, you might need to pay prepayment charges. But doing it can reduce your home loan EMI significantly. Prepayment : Prepayment is not mandatory.Therefore, you should choose a short home loan tenure if you can afford it. While a long tenure reduces the EMI amount, it causes a hike in the interest rate. Similarly, a short tenure will make your home loan EMI amount high. If you opt for a long home loan tenure, you will have to pay a lower EMI. Tenure : Tenure is a critical factor while determining the home loan EMI amount.While a fixed interest rate will keep your EMI amount the same throughout the tenure, a floating interest rate will make your EMI amount fluctuate according to market terms. You can choose between a fixed or floating interest rate for your home loan. Usually, your credit score, repayment history, and various other factors will determine the interest rate lenders charge you. ![]() If the interest rate is low, your home loan EMI will be significantly low. Interest Rate : Every lender charges a different interest rate from borrowers.The principal home loan amount that you can borrow will depend on your property value, income, repayment history, credit score, and other factors. If your principal amount is high, the EMI will also be high. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |