All you need to understand interest-only lenders
Borrowers off Simple Chartered which have a home loan solution measurements of ? 35 lakh to ? step three.5 crore can choose to pay just the appeal count via equated monthly obligations (EMIs) for a first period of 1three years
Recently, Important Chartered Bank introduced an attraction-simply financial business because of its established also the newest home loan people to the purchase of done residential properties. An interest-simply mortgage try a studio where borrower will pay just the desire accumulated to the prominent an excellent to own a limited period of the mortgage tenure.