I am planning for repayment of my home loan. I want to know what are the basic points that I should know before going for the same. Is there any charges of fees associated in it?
Menu
What pointers should kept in mind while home loan repayment?
Replies (2)
There are few things that you should keep in mind while making a home loan repayment. They are mentioned as belows:
- Make your EMI payment on time
- You can do a part prepayment to reduce your tenure and your interest.
- Your part prepayment amount should be more than 3 EMI amount(varies according to lender).
- If you are not satisfied with the current home loan lender, then you can transfer your home loan to some other lender.
- You get the option to foreclose your Home Loan anytime during your loan tenure. You will not be charged anything extra for foreclosing your loan.
You can opt for ECS repayment to avoid any late repayment. Just ensure enough fund is maintained on due date.
Recent Topics :
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
Related Topics :
CAclubindia
