There are 2 main types of interest rates: – Fixed Rate: The interest rate remains constant throughout the loan tenure. – Floating Rate: The interest rate fluctuates based on market [...]
Yes, most banks allow you to prepay your home loan either partially or fully before the end of the tenure. However, some banks may charge a prepayment penalty, especially on fixed-rate [...]
Most banks provide online tracking for loan applications. You can also contact the bank’s loan officer or customer service for updates on your application status.
Yes, you can transfer your existing home loan to another bank offering a lower interest rate through a process called balance transfer. However, there may be associated charges, such as [...]