ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When purchasing a new house you would use what method of payment?
A
Cash
B
Credit Card
C
Bank Loan
D
Debit Card
Explanation: 

Detailed explanation-1: -Processing The Offer Letter. Processing The Property Papers Followed By A Legal Check. Processing A Technical Check & The Site Estimation. The Final Loan Deal.

Detailed explanation-2: -Home Purchase Loans Nearly every bank and financial institution in India offers this type of loan. Each of the banks, however, follow their own interest rate policy and loan terms.

Detailed explanation-3: -Conventional mortgages are the most common type of mortgage. That said, conventional loans do have stricter regulations on your credit score and your debt-to-income (DTI) ratio. You can buy a home with as little as 3% down on a conventional mortgage.

Detailed explanation-4: -SBI Home Loan. 8.05%-8.55% HDFC Home Loan. 8.60%-9.50% Axis Bank Home Loan. 7.60%-8.05% ICICI Home Loan. 8.40%-9.45% Bank of Baroda Home Loan. 7.45%-8.80% PNB Home Loan. 8.25%-11.20% LIC Housing Finance Home Loan. 8.00%-9.25% Aditya Birla Home Loan. 8.00%-13.00% More items •11-Jan-2023

There is 1 question to complete.