How much time bank would take in returning the title deeds /securities after closure of loan. Banks should return all the securities / documents/title deeds...
How much time bank would take in returning the title deeds /securities after closure of loan. Banks should return all the securities / documents/title deeds...
Insure the Loan from Bank - Yes. One will have to insure the property etc. as required by the bank during the tenure of the...
Collateral Security - This is generally defined as additional security borrower offers a lender to secure a loan. Banks may take some additional securities which are called...
Penal Charge for Prepayment of Loan - Yes, most banks allow you to repay the loan ahead of schedule by making lump sum payments. However,...
Interest Rate Reset Clause - An 'interest rate re-set' clause allows a bank to review and reset rates at the end of a specified period...
Fixed Interest Rate - An interest rate on a loan / credit facility that remains fixed either for the entire term of the loan or...
If one has opted for a loan at floating rate of interest he / she needs to know about Floating Rate of Interest. Check out the...
Floating Rate of Interest -A floating interest rate is a variable interest rate which can change over the duration of the loan / credit facility....