Low interest rate, prepayment charges and processing fees – factors to consider befor swithing your home loan
Home loan space has become increasingly competitive lately. What with SBI and ICICI Bank decreasing their home loan rates; and HDFC and ICICI Bank increasing the prepayment penalty from 2 to 3 per cent and 2.25 per cent respectively. What does this mean to you? Let’s understand the impact of prepayment penalty through an illustration. [...]
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