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Credit Tips


Posted on: 03 Oct 2012

Make sure that all deals and offers agreed upon are supported by relevant papers. You should always ask for a letter in a banks letter-head mentioning the likes of, exact rate of interests, processing fees, pre-payment charges along with interest-schedule.

Posted on: 25 Sep 2012

If you trade old car for a new one and old car's resale value isn't enough to pay off the loan, a car dealer may offer you a "stacking loan" that pays off your old loan and finances your new car.  This loan may seem helpful, but in the end, you are actually paying more than what your new car is worth.

Posted on: 24 Sep 2012

Ensure that the rate which is being offered to you is linked to the base rate of the bank and not the promotional rate which is used to lure the customers. Banks which lure the customers with lower rates increase the rates later

Posted on: 20 Sep 2012

When the interest rate of your loan is lowered, do not reduce your EMI rather cut the tenure as having a lower EMI will increase the tenure period with higher interest rates

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Posted on: 14 Sep 2012

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Credit Tips

Make sure that all deals and offers agreed upon are supported by relevant papers. You should always ask for a letter in a banks letter-head mentioning the likes of, exact rate of interests, processing fees, pre-payment charges along with interest-schedule.

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Dr. K. S. Sobhana

Dr. Sobhana, a Senior Scientist with Central Marine Fisheries Research Institute, was having trouble with her auto loan because of her CIBIL report. She spoke to one of our Credit Experts and ...

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