aisha_compares
Property investor
The lender focuses on the 6.24% rate; I’m more interested in what the mortgage will actually cost me. The property near Delhi is around ₹50,100,000 and the quoted term is 20 years, but the upfront charge and my loan-to-value band make the headline comparison unhelpful.
Would you compare the offers over the period I realistically expect to keep the loan, adding payments and compulsory fees, and then assess overpayment or early-exit costs separately? The key point I still need clarified is whether 6.24% genuinely lasts for the whole 20 years or whether any reset conditions are buried in the offer.
I also want the monthly payment to remain manageable without relying on a later refinance. What loan details would you ask each lender to put in writing before choosing?
Would you compare the offers over the period I realistically expect to keep the loan, adding payments and compulsory fees, and then assess overpayment or early-exit costs separately? The key point I still need clarified is whether 6.24% genuinely lasts for the whole 20 years or whether any reset conditions are buried in the offer.
I also want the monthly payment to remain manageable without relying on a later refinance. What loan details would you ask each lender to put in writing before choosing?