In this case loans with no or miminum prepayment penalty clause would have helped a lot. One should compare loans available from all the major banks before signing the loan papers and you should shop not only for rate of interest but also facilities like pre-payment penalty, administrative changes etc because in the longer term (home loan is a longer term thing any ways) these subtle clauses can save you thousands of rupees. PowerMyLoan.com helps you in comparing different options by connecting you to major banks free of cost
RE:Read The Fine Print - PowerMyLoan.com
by nitin on Apr 09, 2007 04:44 PM Permalink
what is use yaar.. you are advertising your product....nothing use to us.. and everybody check physically with each and every bank before taking loan..... abt rate of interest.. your site will not help us in redusing our emi..it just give us options to with whom we want to ger FOOL
