Dear Sumit, What is
the remaining loan tenure?
What is the outstanding loan amount &
remaining loan tenure?
You need to consider the loan outstanding,
remaining loan tenure, interest differential and other charges before opting for a Home Loan Switch.
The other thing to consider is amount of your outstanding loan and
the remaining loan tenure.
Not exact matches
This means that, though the bank will review its base rate every quarter, you spread will
remain fixed throughout the
tenure of the
loan irrespective of the interest rate movement.
Dear Raviraj, What is the
remaining tenure on your
loan?
If you're having trouble qualifying for conventional financing due to bad credit, bankruptcy, self - employment, or short job
tenure, you've likely discovered that the
remaining loans available are less than ideal.
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).
The instalment established will
remain fixed for the entire
tenure of the
Loan.
Well, the maximum
tenure for a personal
loan is 5 years while a top up
loan's
tenure could go up to the
remaining tenure of the personal
loan.