Prologue:cost factor
Looking at the interest rate I started searching for more viable options and came across IDBI bank.
- Rate of interest 10.25% reducing balance.

- ZERO processing charges.
- ZERO penalty for foreclosure after 6 months.
- Tenure 5 years.
- Minimum loan amount has to be 1.2 Lakhs. No issues there.
- Total cost incurred Rs.500 for stamp paper.






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