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Calculators FAQs

Our calculators provide instant results, while our FAQs offer expert guidance. Get quick calculations and in-depth explanations to empower your financial future.

Do different types of loans have varying loan-to-value standards?

  • Posted:4th February, 2025
  • Updated:4th February, 2025
Yes, different types of loans in India have varying Loan-to-Value (LTV) standards depending on the asset and risk involved
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What role does the down payment play in loan-to-value calculations?

  • Posted:4th February, 2025
  • Updated:4th February, 2025
The down payment amount is a significant factor in loan-to-value (LTV) calculations.
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Is there a difference between pre-closure and foreclosure?

  • Posted:4th February, 2025
  • Updated:4th February, 2025
There is no major difference between pre-closure and foreclosure of a loan - both terms refer to the same process of early and voluntary closure of the loan by making the full payment before the end of the tenure.
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How does foreclosure impact my future borrowing ability?

  • Posted:4th February, 2025
  • Updated:4th February, 2025
Foreclosure of a loan can impact your future borrowing ability in both positive and negative ways, depending on the circumstances.
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Can I use a Loan Foreclosure Calculator for car loans?

  • Posted:4th February, 2025
  • Updated:4th February, 2025
Yes, you can use a Loan Foreclosure Calculator to determine the foreclosure amount for a car loan.
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What factors influence the foreclosure amount on a mortgage?

  • Posted:4th February, 2025
  • Updated:4th February, 2025
The key factors that determine the foreclosure amount payable to close a mortgage loan early
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Is loan foreclosure good or bad?

  • Posted:4th February, 2025
  • Updated:4th February, 2025
Loan foreclosure can be both advantageous and disadvantageous for borrowers, depending on their financial situation.
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