New Delhi7 hours ago
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Union Bank of India and Central Bank of India have cut the interest rates of home loans after the RBI repo rate cuts. Now the interest rates of both these banks will start from 8.10% annually.
Keep these 3 things in mind while taking a home loan
Please get information about pre-payment penalty Many banks impose penalty on paying loan ahead of time. In such a situation, take full details about this from banks, because banks get less interest as expected when they pay the loan ahead of time. In such a situation, some term adams are put on their behalf. Therefore, while taking a home loan, get complete information about this.
Take care of your CIBIL score The CIBIL score reveals a person's credit history. In the case of personal loan, banks definitely see the civil score of the applicant. Credit score is decided by several special credit profiles.
It is seen that you have taken a loan before or how the credit card etc. has been used. Any person's credit score repayment history, the ratio of credit use, existing loans and timely payment of bills shows the payment. The score is in the range of 300-900, but the score of 700 or more is considered as the lenders are good. .
Take care of offers Banks continue to provide better offers to those taking loans from time to time. In such a situation, you should find out about the offers of all banks before taking a loan. Because taking a loan in a hurry can prove to be wrong for you. Check properly before taking a loan.
