Category Archives: Advance America Reviews

Your Query: look for any clause that is pre-payment auto loan

That you are taking the responsibility of EMIs on his behalf if you want to help your brother with the loan, remember.

In car finance, can there be any pre-payment clause?–Mayank Bhardwaj

Yes, often there are prepayment restrictions car loans, particularly into the very first year or two. Nonetheless, the costs differ by loan provider, term expired, loan outstanding along with your creditworthiness. Please browse the information on your car or truck loan sanction letter to find out of the fees.

I experienced taken loan of Rs 23 lakh from HDFC Bank therefore the EMI that is monthly is 18,500. We have perhaps maybe not taken PMAY subsidy. I do want to increase my EMI to Rs 27,000 and do prepayment of Rs 5 lakh. Am I going to nevertheless be qualified to receive PMAY subsidy? —Abhay Singh

You may get it now if you satisfy the conditions of PMAY subsidy. Nevertheless, part prepayment or repayment that is full impossible without reimbursement of PV of future subsidy already availed during the time of sanction.

My cousin desires to purchase a residence but he doesn’t have regular income. Can the money is borrowed by me through the bank and present it to him to purchase the house?

—Deepak Kumar Soni

Banking institutions will give consideration to loans to individuals without regular wage when they can substantiate their over-all constant income with the supporting ITR for 3-5 years. That you are taking the responsibility of EMIs on his behalf if you want to help your brother with the loan, remember. Continue reading