Some of the helpful ideas whereas taking private mortgage are:
Tips for Interest Rates
Apply in Bank having Salary a/c
Try to present first precedence to PSB
Keep Loan Apps as Second Priority
Apply at two banks
Do Some Research on ROI
PSB : 10-15%
Pvt. Banks : 12-24%
Loan Apps : 12-40%
Processing Fees/expenses
Processing charges
Late cost expenses
Cheque bounce expenses
Loan cancellation expenses
Try to barter with Charges
Before giving docs know all the fees
Prepayment Penalties
Range between 2 – 5 %
Impose on additional quantity paid
At Pvt. Banks it’s negotiable
Prepayment Penalties Calculation
Loan Amount : 5.00 Lakhs
Present O/s : 2.00 Lakhs
If Prepayment Done at the moment :
5% of two.00 Lakhs
= 10,000/-
Murari Garg
9717550964( Whatsapp)
#personalloan #darksecrets #tipsforpersonalloan #howtoavailpersonalloan
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