Foreclosure

Closing a credit account can temporarily impact your credit score. Credit bureaus refresh your credit report on a monthly basis, however, any new activities may take up to 3 to 4 months to reflect in your credit report.

Explainer | RBI bars NBFCs from charging home loan foreclosure charges

In case your financial institution charges a foreclosure penalty on home loans, raise a complaint with the branch.

Home loan: Is this the time to swap your banker?

To do a balance transfer, you must check the transfer cost, outstanding loan amount, tenor, and difference in the interest rates.

6 Hurdles you can face while transfering your home loan

Loan refinancing or balance transfer may appear lucrative on paper. But in reality it may turn out to be a nightmare.

What happens when you cannot repay your home loan?

Explain the reasons behind your home loan default to banks. Banks do not want to foreclose the loan and will offer your some solution.

Who is a better lender: Private or Public sector banks?

Factors such as convenience, time taken to approve a loan, prepayment restriction are some of the factors one should consider while evaluating home loan options.

Five factors to know before being a guarantor to home loan

It is known that you have to pay if the borrower does not pay. But not many are aware that the guarantorship reduces their own borrowing capacity and influences the credit report.

Road Ministry recommends easy foreclosure of 86 projects

Road ministry has moved a proposal, looking for a policy decision to restart about 86 languishing highway projects that have become unviable.