Home loan is a secured loan offered by Banks, NBFCs and HFCs to help you buy a residential property. In this, the property you are buying is mortgaged to the lender as security till the full repayment of the home loan.
Currently, home loan interest rate starts as low as 8.35% per annum. which can be repaid in EMIs over flexible tenure usually up to 30 years.
Interest rate can significantly influence the total cost of a housing loan. As home loans are usually of higher value and longer tenure, even a slight difference in its rate of interest can lead to long-term financial implications. Therefore, when looking for a home loan, you should choose the lowest rate on offer. Getting a housing loan at a lower rate of interest will not only reduce your outgoing EMIs but also the overall home loan interest pay-out.

• Contact seller
• Share
• See all ads from this advertiser