Finding the Right Home Loan, made easy

Since, there is plenty of access to Real estate and property related information online, we can assume that you have finally found your long awaited dream home, after all the efforts and research.

Now that you have finally found your new home, what’s the next huge step?

Let’s figure it out here in this article.

Finding the right Home Loan is most probably the next on your mind.  One of the primary concerns when finalizing a home loan, is the Interest rate .


Did you know...

There has been a considerable amount of reduction in the interest rates recently in 2018 -19. Even a minor difference in the interest rates that may be offered, will make a great difference for you since it is a huge investment that you are looking to make.


Let us throw light on some of these smart ways that can help you pay lesser interest rates on your home loans.

●    Shorter Home Loan Duration
●    Pay Extra EMIs
●    Low Interest on Home Loan
●    Annual Extra Pay Off
●    Make sure to get your home loan refinanced
●    Shift to Marginal Cost of Lending Rate based on funds


Now lets give a closer look into the details of the above mentioned ways.


Shorter Home Loan Duration

If you are planning for a shorter home loan duration, you must know that it will increase the amout for the EMI, however this will most certainly ensure that the principal amount is paid off much earlier as concerned. Interest rates are calculated on principal amount and payment of principal amount earlier will help in the marginal reduction of absolute interest to be paid as well.