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Tag: personal finance

Do I have to pay interest on the entire OD limit?

Great question! If you’re considering an Overdraft (OD) facility—whether it’s an Overdraft against Salary, Overdraft against Property (OD/CC), or a Business OD—it’s important to understand how interest is charged. The short answer is: ❌ No, you do not pay interest...
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Who can apply for a personal loan?

Introduction Personal loans are a popular financial product that provides individuals with access to funds for various purposes, such as debt consolidation, medical emergencies, home improvements, travel, or other personal expenses. While personal loans offer flexibility and quick access to...
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Is part-prepayment allowed on home loans?

Yes, 🏠 part-prepayment is absolutely allowed on most home loans offered by banks and NBFCs in India. It is a smart and strategic way to reduce your loan burden, shorten your repayment tenure, and save significantly on interest costs. 💰...
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