General Questions

When you apply for a mortgage, lenders calculate how much they’ll lend based on both your income and your outgoings – so the more you’re committed to spend each month, the less you can borrow.

Are There Penalties for Paying Off a Personal Loan Early? Believe it or not, you can be charged a penalty fee for paying off a personal loan early. … Lenders charge these fees to mitigate prepayment risk, which means that if the borrower pays the loan off early, the lender will be deprived of future interestpayments.

For the typical refinance, loan-to-value ratio also determines if you‘ll need something like mortgage insurance, or if the lender will require extra protections.

Not every lender will agree to let you take out a loan, and some may offer you a higher APR than the representative figure because they see you as riskier.

So, when you’re working out if you can afford a loan, get hold of your credit file so that you can have a realistic idea of whether you’ll be offered the headline rate.

About Unic Loans

  • Personal Loans
  • Business Loans
  • Car Loans
  • Mortgage Loans
  • Home Loans

With a personal loan, you can have a fixed interest rate, fixed payment and fixed term.

If you compare APRs, then you will be making the right decision. Don’t just jump into picking a personal loan and end up taking out a pre-compute loan, with three add-on insurance policies and a big origination fee – only to refinance the loan three months later.  These are sub-prime tricks that can dramatically increase the costs.

If you borrow for 36 months and pay it off in 36 months, then you are in good shape.

After You Apply

How long does it take to get a loan? The entire application, approval, and funding process typically takes about 24 – 72hrs days. In some cases, it may take a little longer.

comparison rate is a rate that all lenders by law must display next to their advertised interest rates. It’s a rate which takes into account some of the fees and charges of a home loan to give you a more accurate representation of a loan’s interest rate once the costs are taken into account.

You can use the EMI Calculator to know exactly the amount you will be applying for.

At The Dealership

It varies from lender to lender, but mortgage pre-approval is typically valid for about 90 days, according to Baumbusch. Your letter will have a date on it, after which it is no longer valid

Before applying for personal loan from First Group Holdings, the applicant must fulfill certain criteria. Below is a list of eligibility criteria required for the applicant to match so that he or she will be eligible to seek a loan from us.

  • Age: A salaried employee between the age group of 23-60 years can apply for a loan with the bank.
  • Business Profile: The applicant must be an Indian resident employed at a Public Ltd. CO/MNC’S/large private companies.
  • Income: The applicant should have a net monthly income of Rs.25000 in order to avail this loan.
  • The applicant should at least be a graduate with a minimum working experience of two years.
  • The applicant should also have spent a minimum of 1 year in the city, where he/she seeks to avail the loan.
  • The applicant also should provide a running landline number of his current residence.
  • The applicant cannot apply for a postponement of the EMI amount.

Online bill payment is simple to set up. All you need is your basic checking account information and a recent bill. First, enroll in online banking with your ATM/debit card number, pin and account number. Once you’re using online banking, adding auto bill pay and making payments just takes a few steps.

  • Choose whether you want to add an individual or company to your payees
  • Search for the company or biller, or manually enter your payee’s information
  • Provide the account number located on your bills
  • Enter the amount of the payment, the date of the payment, and whether you will make individual or recurring payments
  • You can always cancel a recurring payment or change the date, amount or frequency, simply by going to Manage My Bills in online banking

Some bills, like car payments, insurance, or mortgage will likely stay the same each month. Automatic bill pay will make sure your payments are made on time in the amount you designate. However, if you have something like credit card balances that are more varied, you may want to enter these amounts manually. Online bill payment allows you to set up individual payments in addition to recurring payments for those who prefer closer management of their payments. If you would like more information on setting up automatic payments, view the online banking demo, which will walk you through the process step by step.