Sentences with phrase «increasing tenure of the loan»

But did you know that by increasing the tenure of your loan, you are actually increasing the amount of interest payable too, and in the process increasing the cost of ownership of the house?

But this also means the increasing tenure of the loan.

Not exact matches

In fact, you should try to increase your EMI and decrease the tenure of your loan to the greatest extent possible.

The tenure of the loan could range from 1 to 4 years (however the tenor can be increased based on the customer's relation ship at the discretion of the Bank) for new car and 1 to 3 years for Used Cars

However, it is important to bear in mind that by increasing your loan tenure, you actually end up paying a higher amount of interest to the lender.

Given the uneven nature of floating rates, either your EMI may shoot up one fine month throwing your monthly budget out of gear or you may end up repaying substantially higher due to an increase in your loan tenure (EMI remains same).

In case your interest charge is increased after you have availed of the loan, you can ask them to increase the tenure instead.

Many people don't know that banks don't increase Home Loan EMIs but they increase the tenure of the home loan when the floating interest rate increaLoan EMIs but they increase the tenure of the home loan when the floating interest rate increaloan when the floating interest rate increases.

Floating interest rates may change at any given point of time, which may result increase or decrease in either your home loan EMI or your tenure.

Usually, maximum tenure is about 5 years and the top - up loan facility is offered only after a few years of your already existing personal loan giving a fair record of repayment history, no pending or defaults down the years and this also increases your loan eligibility.

Rs. 5.2 Lakh (Rs. 5,20,000) or increasing the loan repayment tenure to somewhere between 42 and 48 months which would reduce the EMI to the range of Rs. 15,507 to Rs. 17,276.