What is Prepayment Penalty..? Mymoneykarma

a prepayment penalty is a monetary burden you have to bear when you Pay your loan off earlier than specified in the agreement. If the terms and conditions of your loan agreement contain a prepayment clause, you will be Penalized if you clear your debt early.

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Founded by a group of Stanford alumni with a strong background in banking and technology, MyMoneyKarma has been revolutionizing the Indian Fintech sector and ushering in the future of personal finance. Committed to a social mission of creating a measurable impact on people’s lives, MyMoneyKarma has empowered millions of people to reclaim control over their finances by addressing the 3 biggest issues and barriers in the sector:

Low financial literacy means most people applying for loans, mortgages or credit cards have never checked, nor heard of, their credit scores. By this time, the damage has often been done
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“mymoneykarma” Presenting Video – What is Prepayment Penalty..? Mymoneykarma ,

What is Prepayment Penalty..? Mymoneykarma

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