4 Points to Keep in Mind When Pre-Closing Your Home Loan - mymoneykarma (1) - PowerPoint PPT Presentation

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4 Points to Keep in Mind When Pre-Closing Your Home Loan - mymoneykarma (1)

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Title: 4 Points to Keep in Mind When Pre-Closing Your Home Loan - mymoneykarma (1)


1
4 Points to Keep in Mind When Pre-Closing Your
Home Loan
2
  • Indians are very eager to pay our home loans
    because we need to take home when we buy our
    home. The countdown starts to complete Home Loan
    immediately after the lock-in period ends.
    Establish money from your own savings, provident
    fund, getting something from inheritance, putting
    the first idea in front of the payments so that
    the home loan will be shut down as soon as
    possible.
  • However, when your home loan is in the forefront,
    it is best to keep the following 7 points at the
    bay at the bay and get the full mind

3
1. Original Documents and Post-Dated Checks
  • At the time of receiving a home loan, you may
    have to submit some asset papers in the bank,
    such as sale documents in the original, etc., so
    that once you have paid the loan, you should take
    all those original documents from the bank. Bank
    staff does not provide entertainment to customers
    later, so it is important to check all the
    documents that are there, check that they are in
    the correct shape and do not have an important
    document. If you are at the forefront of your
    home loan in all likelihood, your bank will have
    additional post-dated checks. Therefore, do not
    forget to collect them before closing.

4
2. CIBIL (Credit Information Bureau India Ltd.)
score
  • A high CIBIL score shows your credit goodness and
    that you are a good borrower so that you can get
    the next loan. However, the bank or lender is
    common to update your CIBIL score, it will be
    your responsibility and at the end of your home
    loan, the bank or lender will inform the CIBIL
    officers and ensure that your CIBIL score is
    updated.

5
3. No Objection Certificate (NOC)
  • The NOC is your property debt free and is an
    important certificate from your bank that a bank
    or lender is not interested in your property.
    Before you receive the certificate, you may be
    advised to the bank to include the loan-free
    property rule in the bank. In addition, when you
    receive a certificate specifically about your
    name, address, home loan account number, loan
    closure date etc.

6
4. Get a Home Loan Statement
  • Once you have paid premature closure and your
    property is debt-free, it is crucial for you to
    get a home loan statement, which will prove to
    you all the payments you have made with dates and
    sums.

7
Contact us
  • For any help to check your free cibil score
    calculator refer us by the following contact
    information.
  • Drop your query by visiting https//www.mymoneykar
    ma.com
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