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Charges on home loans that you may be unaware of

Use the interactive home loan calculator to calculate your home loan EMI. Get all details on interest payable and tenure using the housing loan calculator<br>

ShreekantRao
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Charges on home loans that you may be unaware of

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  1. Home Loan

  2. Charges on home loans that you may be unaware of

  3. Buying your first property is perhaps the most important decisions you are called upon to take in life. • And if you are opting for a home loan on it, it requires you to conduct a thorough research before you decide which the best home loan is for you. • Most people tend to think that merely comparing home loan rates is enough to find out the best home loans in India.

  4. Processing and Administration fee • In most cases, it is 1-1.5% of the total amount of loan being sanctioned to you. Other lenders may not take a processing fee upfront, but may charge you an “administrative” fee once the loan has been sanctioned and disbursed. • This amount tends to be higher than the processing fee. Not only should you check out the processing/ administrative fee of the lenders you have shortlisted while comparing home loan rates, you can also negotiate with the lender to waive off this fee.

  5. Indemnity Cost By charging you the borrower for indemnity, the developer safeguards his interests. • By agreeing to indemnify the lender, you are in effect agreeing to bear the monetary risk of the loss or unavailability of an important document, the non- receipt of any important approval from a concerned authority. • This is usually a few hundred rupees varying from state to state. • [Source: https://www.creditsudhaar.com/blog/2016/12/09/charges-on-home-loans-that-you-may-be-unaware-of/]

  6. Follow us on : https://www.facebook.com/HDFCHomeLoanExperts https://twitter.com/HomeLoansByHDFC https://www.youtube.com/user/hdfcltd https://www.linkedin.com/company/hdfc?trk=top_nav_home

  7. Click to know more on Home Loan : https://www.hdfc.com/home-loan-emi-calculator Thank You…

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