It is always better to get the property loan insured. I would rather recommend a big term plan of Insurance Policy to safeguard future problems.
The banker's home loan interest rate differs from bank to bank because of the cost of funding.
Yes, tax benefit on repayment of housing loan is available as per section 80C of the Income Tax Act, within the overall limit of Rs 1 lakh.
The pre-EMI interest is the interest charged by the bank in respect to the loan provided by the bank for the period of disbursement of the actual loan to you and the effective starting of the EMI.
Moratorium: A period from the date of disbursement of loan, during which the borrower is not required to pay EMI but the outstanding amount continue to incur interest.
Capitalisation: It is nothing but compound interest. The interest is added to the borrowed amount and further interest accrues on that amount. This is done every month.
Near HUB, Behind Prag Plaza
House no. 499, 1st floor, G.S Road
Bhangagarh, Guwahati-781005, Assam
+91 98640 52028
+91 98643 66640