Compound Interest: Interest charged or paid on the principal and the accumulated interest, unlike Simple Interest which is paid only on the principal.
Co - applicant: As a customer you have an option of having a co - applicant to your loan. The co - applicant cannot be a minor and Deutsche Postbank Home Finance Limited allows for only brother - brother, parent - son and husband - wife combination to be a co - applicant.
Co - owners: Deutsche Postbank Home Finance Limited insists that all co - owners have to be co - applicants necessarily. No minor is allowed to be a co - owner as a minor cannot enter into a contract as per law.
Cost of property: This refers to the total cost of the property including various charges as acceptable to Deutsche Postbank Home Finance Limited.
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