Home Loan Tips for Borrowers
5. Evaluate Add-ons
You should vigilantly evaluate the add-ons which come with different schemes. Evaluating the add-ons is especially applicable for the loans with special interest rate schemes. It is important to examine how the various fees and charges work out with the loan scheme.
For instance, a higher open processing fee, obligatory add-on products like home loan insurance, personal insurance etc should be scrutinized to ensure it suits the borrower.
