When will bank return the securities after closure of loan ?
How much time bank would take in returning the title deeds /securities after closure of loan. Banks should return all the securities / documents/title deeds
Do I need to Insure the Loan from Bank ?
Insure the Loan from Bank – Yes. One will have to insure the property etc. as required by the bank during the tenure of the
What is Collateral Security ?
Collateral Security – This is generally defined as additional security borrower offers a lender to secure a loan. Banks may take some additional securities which are called
Is there any Penal Charge for Prepayment of Loan ?
Penal Charge for Prepayment of Loan – Yes, most banks allow you to repay the loan ahead of schedule by making lump sum payments. However,
What is Interest Rate Reset Clause ?
Interest Rate Reset Clause – An ‘interest rate re-set’ clause allows a bank to review and reset rates at the end of a specified period
What is Fixed Interest Rate ?
Fixed Interest Rate – An interest rate on a loan / credit facility that remains fixed either for the entire term of the loan or
Why To Choose Floating Rate of Interest ?
If one has opted for a loan at floating rate of interest he / she needs to know about Floating Rate of Interest. Check out the
What is Floating Rate of Interest ?
Floating Rate of Interest -A floating interest rate is a variable interest rate which can change over the duration of the loan / credit facility.
Comments