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4 Points to Keep in Mind When Pre-Closing Your Home Loan - mymoneykarma PowerPoint Presentation
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4 Points to Keep in Mind When Pre-Closing Your Home Loan - mymoneykarma

4 Points to Keep in Mind When Pre-Closing Your Home Loan - mymoneykarma

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4 Points to Keep in Mind When Pre-Closing Your Home Loan - mymoneykarma

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  1. 4 Points to Keep in Mind When Pre-Closing Your Home Loan

  2. Indians are very eager to pay our home loans because we need to take home when we buy our home. The countdown starts to complete Home Loan immediately after the lock-in period ends. Establish money from your own savings, provident fund, getting something from inheritance, putting the first idea in front of the payments so that the home loan will be shut down as soon as possible. However, when your home loan is in the forefront, it is best to keep the following 7 points at the bay at the bay and get the full mind:

  3. 1. Original Documents and Post-Dated Checks At the time of receiving a home loan, you may have to submit some asset papers in the bank, such as sale documents in the original, etc., so that once you have paid the loan, you should take all those original documents from the bank. Bank staff does not provide entertainment to customers later, so it is important to check all the documents that are there, check that they are in the correct shape and do not have an important document. If you are at the forefront of your home loan in all likelihood, your bank will have additional post-dated checks. Therefore, do not forget to collect them before closing.

  4. 2. CIBIL (Credit Information Bureau India Ltd.) score A high CIBIL score shows your credit goodness and that you are a good borrower so that you can get the next loan. However, the bank or lender is common to update your CIBIL score, it will be your responsibility and at the end of your home loan, the bank or lender will inform the CIBIL officers and ensure that your CIBIL score is updated.

  5. 3. No Objection Certificate (NOC) The NOC is your property debt free and is an important certificate from your bank that a bank or lender is not interested in your property. Before you receive the certificate, you may be advised to the bank to include the loan-free property rule in the bank. In addition, when you receive a certificate specifically about your name, address, home loan account number, loan closure date etc.

  6. 4. Get a Home Loan Statement Once you have paid premature closure and your property is debt-free, it is crucial for you to get a home loan statement, which will prove to you all the payments you have made with dates and sums.

  7. Contact us: For any help to check your free cibil score calculator refer us by the following contact information. Drop your query by visitinghttps://www.mymoneykarma.com