Sentences with phrase «tenure of the loan»

But this also means the increasing tenure of the loan.

The instalment established will remain fixed for the entire tenure of the Loan.

A fixed rate of interest is offered on a mortgage by a lender when a buyer opts to make repayments in fixed monthly installments over the entire tenure of the loan irrespective of the interest rate cycle.

Eligibility (for) loan amount is dependent on several key factors such as your profession, work profile, ballpark expenditure, rate of interest, size of the family, residence ownership tenure of the loan among others.

Eligibility loan amount is dependent on several key factors such as your profession, work profile, ballpark expenditure, rate of interest, size of the family, residence ownership tenure of the loan among others.

The more money you can put aside for a down payment the better it is since it will result in a shorter tenure of a loan and easier EMIs.

As the name suggests, this rate of interest is fixed for the entire tenure of the loan.

If a borrower is unhappy with the services of his current lender with respect to interest rates or the tenure of the loan, he can move his loan to a bank who offers better terms of service.

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

Some of these fees need to be paid upfront while you are taking the loan, while other charges are levied during the tenure of your loan.

The idea of a smaller monthly outflow as EMI may sound tempting to you, but always opt for the lowering of the tenure of your loan.

Not only will the tenure of your loan decrease by a few years, you would also save over Rs. 9 lakhs on your interest payments.

Banks by themselves generally offer to lower the tenure of your loan, because making an alteration in EMI is far more cumbersome in terms of paperwork - it's a win - win for both you and your bank.

If paying a little more stretches out your budget, it is advisable to not make any changes on the EMI of your loan since the tenure of your loan will automatically reduce with the reduction in interest rate.

As you progressively make payments over the tenure of the loan your amount of interest component decreases and you start contributing more towards the principal outstanding repayment.

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?

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

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.

When the interest rates are tapering, your lender may contact you about the option between lowering your EMI or lowering the tenure of your loan.

The EMI depends upon the loan amount, the interest rate and the tenure of the loan.

The tenure of these loans can be anything between 15 - 20 years (the maximum being the same as the tenure of your home loan)

As a borrower, a premium will be decided for you based on your age, loan amount and tenure of the loan.

(It is to be noted that an increase in the tenure of the loan will lead to an increase in interest rates and therefore, the interest component of your loan.

As a borrower, you should try and pay as much of EMI as possible and shorten the tenure of the loan).

A fixed rate mortgage is one wherein the interest rate remains fixed throughout the tenure of the loan.

The amount that you paid while purchasing the bond is the exact amount that you should expect in return once the tenure of the loan is completed.

Pre close your Personal loan at any time during the tenure of the Loan without paying any extra charges.

The tenure of the loan could range from 1 to 4 years (however the tenor can be increased based on the customer's relationship at the discretion of the bank) for new car and 1 to 3 years for used cars

Evaluate offers keeping the tenure of the loan constant & compare the rate of interest, EMI & other charges.

Well, the tenure of the loan is flexible.

As far as the rate of interest is concerned, ICICI offers this unique option where the rate remains unchanged throughout the tenure of the loan so that the applicant is not burdened by the fluctuations in the economy.

With the reduced Emi you also have a chance to rework the tenure of the Loan.

The fixed rate loan charges a fixed rate of interest over the entire tenure of the loan (banks can sometimes change the rate under special circumstances).

If the loan amount is high, even a one percentage point difference in interest rate can make a six - figure difference to your total interest outgo over the tenure of the loan.

The tenure of the loan lasts for a fixed period that could range from 5 - 30 years.

bank is asking to assign a policy equal to quantum & tenure of loan.

For the entire tenure of the loan a 10 % of interest rate is applicable per annum which is paid by the pensioner half - yearly.

The policy will be assigned to LIC during the tenure of the loan.

On 30 lakh of home loan the tenure of the loan will be set for 15 years with an interest rate of 10 %.

The rate of interest of bank loans are between 10 - 14 %, based on the type of insurance and tenure of the loan.