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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.

How is moratorium period calculated?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
Moratorium period refers to a temporary pause in loan repayments. During this time, borrowers are allowed to delay their EMI payments without incurring penalties. However, interest continues to accrue on the outstanding principal amount.
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Can I include rental income as a part of my home loan eligibility calculation?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
Yes, you can include rental income as well as income from other sources when determining your home loan eligibility.
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Can I change the loan tenure during a balance transfer?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
Yes, most financial institutions allow you to modify your loan tenure when you opt for a home loan balance transfer.
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Can you use a marriage loan for pre-wedding expenses?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
Yes, you can use a marriage loan for pre-wedding expenses. These loans are designed to cover various costs associated with weddings.
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What collateral is required for a marriage loan?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
Collateral is usually not required for marriage loans. These loans are typically unsecured, meaning you do not have to give something of value to the lender as a guarantee.
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What factors affect home loan balance transfer?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
There are several key factors that impact a home loan balance transfer Outstanding Principal Amount, Current Interest Rate, New Interest Rate Offered, Processing Fees & Charges, Transfer Timing, Prepayment Penalties/Exit Costs, Loan Account Standing, Credit Score.
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How do I start a home loan balance transfer?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
To start a home loan balance transfer, first inform your current financial institution through a letter or form that you intend to switch lenders and require a No Objection Certificate (NOC).
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