Your Home Loan was your biggest burden and you wanted to get it off your books. Now that you have repaid the Home Loan, what should you do next? Find out.
Loan default is not the end of the world and it certainly doesn’t brand you as a criminal. Certain rights have been established to safeguard the interest of loan defaulters. Read on to know what these are.
It is wise to get rid of the debt at the earliest. However, before you take the plunge of repayment of home loan, understand all the related complexities.
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In April 2016 the Reserve Bank of India introduced the Marginal Cost of Funds based Lending Rate (MCLR) calculation for setting the interest rate on loans. Here’s a quick read to refresh your understanding of it.