4 things that Home Loan Provider never tells you
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4 things that Home Loan Provider never tells you

Malkit
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Discover 4 important aspects that home loan providers may not disclose. From hidden fees to potential fluctuations in interest rates, explore factors that could impact your loan experience.
4 things that Home Loan Provider never tells youDiscover 4 important aspects that home loan providers may not disclose. From hidden fees to potential fluctuations in interest rates, explore factors that could impact your loan experience.
The term and value of the loan determine the size of your EMI. Make sure the term of your loan is the longest possible.
The term and value of the loan determine the size of your EMI. Make sure the term of your loan is the longest possible.
The rate of a home loan contains two parts- The repo rate and The bank’s margin.
The rate of a home loan contains two parts- The repo rate and The bank’s margin.
When the repo rate is high, the banks have to reduce their margin because they won’t be able to attract customers but they only do it for new loans.
When the repo rate is high, the banks have to reduce their margin because they won’t be able to attract customers but they only do it for new loans.
Banks ask for several charges, like Processing fees. Traditional banks will ask you for a 1% processing fee.
Banks ask for several charges, like Processing fees. Traditional banks will ask you for a 1% processing fee.
But, in the digital era, this fee can be brought down to 0. You just have to negotiate harder.
But, in the digital era, this fee can be brought down to 0. You just have to negotiate harder.
Credit score maintenance is an essential requirement to be applying for any kind of loan within the banking sector.
Credit score maintenance is an essential requirement to be applying for any kind of loan within the banking sector.

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