Loans

Hi, Check out Rate of interest offered, percentage of processing fee, type of loan (fixed / floating), any pre-payment penalty etc.,  Read everything written in the loan agreement before you sign on the dotted line. It is very important to be aware of terms and conditions. Also, know your CIBIL score before applying for a loan. Related articles : https://www.relakhs.com/complete-guide-bank-assess-credit-health/ https://www.relakhs.com/credit-score-works-calculated-factors/ https://www.relakhs.com/6-things-to-do-while-applying-for-a-housing-loan/

Yes, Sreekanth you are right. Before taking the loan from any banks we have to check interest rate, processing fees, type of loan. But in my view, we have also keep in mind some more things like EMI affordability, down payment, CIBIL score, insurance, tax benefits, eligibility criteria, and documentation too because different banks have different criteria and provide different schemes. Many NBFCs also provide financial support but to check the criteria before applying any loan is mandatory.