Thursday 17 November 2011

How to get a cheap personal loan

Do you know you can bargain with your bank to get a cheaper personal loans? Do you know what factors banks consider before they actually give you the money?

What are the charges you pay when you try to pay off your loan before the due date? Is the prepayment fee imposed on the balance outstanding or on the entire loan amount?

Is there a maximum rate beyond which banks cannot charge you on that personal loan?

What should the gap between disbursement of money and the date on which you make your first EMI payment be?  

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