HDFC Refinance

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HDFC Refinance

• Home Loan _at_10.10, LAP _at_12.00

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Why you should Refinance your Home Loan?

• One of my friends has availed a home loan of 40
  Lakhs Rupees at 11.25 ROI. Loan tenure is 15
  years. After paying EMIs for four years now he
  wants to refinance his loan for rest of the
  tenure at lower ROI. Will it prove to be wise
  decision? Let us try to find out the answer.
• Interest Rate
• It is the crucial factor for consideration while
  deciding for refinance. If you find the
  difference of 0.75-1 between ROI in your
  existing and the new home loan then it will
  definitely reap you benefits in long run.

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Switch Floating to Fixed Rate

• If the existing loan is on floating rate of
  interest and you get a chance to refinance it a t
  lower rate then you are advised to lock that
  fixed interest rate as it will save you from
  future market fluctuations due to uncertainty of
  economy.
• Loan Tenure
• EMI payments and loan tenure are inversely
  proportional. Longer the tenure, lower the EMIs
  and vice versa. If you get a significant hike in
  your salary or promotion then by refinancing you
  can shorter your loan tenure and increase the EMI
  payments.

4
Money Deployment

• If you have plans for another investment or to
  start a business or expand the existing business
  then cashing out on some of your home equity can
  prove to be wise and smart financial decision. If
  you are a good manager to pay off your debts
  responsibly then refinancing will save a lot for
  you.

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• There is no doubt that refinance save money in
  long run but there are some costs adhered to
  refinancing. High processing fees may make your
  refinance decision a bit expensive. Moreover,
  public sector banks charge 1 as pre-payment
  penalty and private sector banks charge 3. So
  instead of taking a decision in hurry just
  consider your options vigilantly and make a
  decision based on your financial abilities and
  goals.
• With the wide array of loan products, hdfc
  refinance facility is available at minimal
  processing fees and competitive ROI. Easy
  documentation and transparent operations make
  banking at HDFC trouble-free.

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If you want to refinance your loans from higher
interest rates to lower interest rates, kindly
comtact our experts at below mentioned details.

• Unified Capital Solutions Pvt Ltd
• A-17, Second Floor
• Sector 4, Noida 201301
• Phone- 91 9289663663
• Website - http//hdfc.unifiedloans.in/