by trueimpactdigital | Oct 6, 2024 | Loans
Foreclosure of a personal loan refers to paying off the entire outstanding loan amount before the original loan tenure ends. While this can save you interest costs, many lenders impose penalties for early repayment. These penalties can range from 2% to 5% of the...
by trueimpactdigital | Oct 6, 2024 | Loans
Foreclosure of a business loan refers to the process of repaying the entire outstanding loan amount before the original end date of the loan tenure. While early repayment (foreclosure) can save you interest costs over the remaining tenure, many lenders impose...
by trueimpactdigital | Oct 5, 2024 | Loans
Foreclosure of a Loan Against Property (LAP) involves repaying the outstanding loan amount in full before the end of the loan tenure. While this can help you save on future interest payments, many lenders impose penalties for early repayment (foreclosure) to...
by trueimpactdigital | Oct 5, 2024 | Loans
How to Refinance an Existing Professional Loan Refinancing a professional loan allows you to replace your current loan with a new one, typically offering better terms, such as a lower interest rate, reduced monthly payments, or an extended repayment period....
by trueimpactdigital | Oct 4, 2024 | Loans
How to Refinance an Existing Home Loan Refinancing a home loan allows you to replace your current mortgage with a new one that typically offers better terms. The goal of refinancing is to secure a lower interest rate, adjust the loan term, reduce monthly payments, or...
