Prepaying your home loan can save you significant interest, but many borrowers are surprised by prepayment penalties. At Today Finserv Consulting India, we explain everything you need to know about these charges to make informed financial decisions. Understanding Home Loan Prepayment Penalty What is a Prepayment Penalty? A prepayment penalty is a fee
During financial hardships, a home loan EMI moratorium can provide much-needed breathing space. But what exactly does this mean for borrowers? At Today Finserv Consulting India, we break down this crucial financial relief measure to help you make informed decisions. Understanding Home Loan EMI Moratorium What is an EMI Moratorium? An EMI moratorium
Buying your dream home just got easier with a pre-approved home loan – but what exactly does this mean and how can it benefit you? At Today Finserv Consulting India, we simplify the home loan process to help you make informed decisions. Understanding Pre-Approved Home Loans What is a Pre-Approved Home Loan? A
When applying for a home loan, one of the most crucial decisions is choosing between fixed and floating interest rates. This choice impacts your monthly EMIs, total interest cost, and long-term financial planning. At Today Finserv Consulting India, we simplify complex financial concepts to help you make informed decisions. This comprehensive guide explains
When buying property, you’ll often hear the terms “home loan” and “mortgage” used interchangeably. However, they are not exactly the same. Understanding the difference between a home loan and a mortgage is crucial for making informed financial decisions. At Today Finserv Consulting India, we simplify complex financial concepts for you. In this guide, we’ll break down the
Buying a home is a dream for many, but arranging funds can be challenging. While a home loan covers most of the property cost, you still need to pay a down payment. But what exactly is a down payment in a home loan, and how does it impact your loan approval? At Today
When applying for a home loan, one of the most important terms you’ll come across is the Loan-to-Value (LTV) ratio. Understanding LTV helps you determine how much financing you can get and how much down payment you need to arrange. At Today Finserv Consulting India, we simplify financial concepts for you. In
Personal loan interest rates in India typically range between 10.5% to 24% per annum, depending on your credit profile, income, and lender type. While public sector banks offer the lowest rates (from 10.5%), NBFCs and fintech lenders may charge higher interest (up to 24%) for quick, collateral-free loans. At Today Finserv Consulting
The approval time for a personal loan in India typically ranges from 1 hour to 7 days, depending on the lender, your eligibility, and document verification. Some digital lenders even offer instant approval (within minutes) for pre-approved customers. At Today Finserv Consulting India, we help borrowers understand the loan approval process and ways to get faster
Most personal loans in India are unsecured, meaning they don’t require collateral. However, lenders may ask for security if you have a low credit score, unstable income, or need a large loan amount. At Today Finserv Consulting India, we help borrowers understand when collateral is necessary and how to get the best loan
