Did your home loan just get more expensive?
Moneycontrol.com | Apr 18, 2008
Step 4: Evaluate your position
Jaidev still has 19 years of repayment tenure remaining and the new rate is 1% cheaper than his current interest rate. The processing fee is not high. The new lender has agreed to lower his pre-payment fee to only 1% of the outstanding principal. Overall, it makes sense for Jaidev to make the switch.
Photograph is for representational purposes only.
Photograph: StockXchnge
Mail this Topic 
A Network Eighteen Venture
Tell us what you think…