123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Investing---Finance >> View Article

A Home Loan Rates Comparison Guide

By Author: Aishwarya Mahurkar
Total Articles: 33

For most borrowers, the cheapest home loans are the ones that offer the lowest home loan rates in India . For the most part, it is true. It is certainly the biggest denominator. However, if the other fees, charges and taxes raise the principal amount of your home loan, it can be useless to have lower home loan rates. Hence, this home loan interest rate comparison guide is about making sense of this financial product holistically.


Realistic numbers:


When you are considering ideal housing loan interest rates , the advertised ones are applicable to the best borrowers only, where professional credibility and repayment ability are easily aligned to repay the principal amount and interest over a period of time. For average borrowers, the applicable home loan rates will be higher. More importantly, any hiccup in the credit report or professional ability can cost you. So, make a smart home loan application to get the lowest possible housing loan interest rates.


Realistic calculations:


When you compare several home loan rates in India, it cannot be any helpful to make a decision if you can use inaccurate principal amount or tenure. So, calculate the principal amount correctly by including the other service charges, taxes, stamp duty, home loan protection plans and more. Select a decent tenure that you can afford and then make the calculations that will allow you to see how different home loan products will result in different EMIs. This is the most efficient way to compare home loan rates in India and select the right housing loan product for your home.


One horse race:


When there is a single horse in a race, there is no winner or loser. Comparison is the key. When you want a home loan, apply to the select few home loan lenders so that you can compare their offers and select the most suitable one possible. If you have a single offer, you cannot take advantage of the competition in this fierce finance market. If you are referring to just the advertised home loan rates, these calculations will not a reasonable indication of your real home loan tenure.


As you compare the realistic home loan rates with the right principal amount, you can select your home loan profitably. However, if in spite of all efforts, the realistic calculations of your EMIs are higher than 30% of your monthly in-hand salary, it might be time to consider another property.

Author Bio :

The author is a seasonal writer on topics of finance and the home loan sector. Through her writing, she articulates aspects that are important to people availing home loan rates in India facility such as ideal housing loan interest rates, documents, eligibility criteria that help to make the best decision.

Total Views: 101Word Count: 454See All articles From Author

Investing / Finance Articles

1. Home Loans Western Sydney – Take Help Of Home Loan Experts To Get The Right Loan!
Author: Mc Cutcheon

2. It’s Time For 401(k) Plans To Become Part Of The Sharing Economy
Author: Terrance Power

3. Reliable Forex Robot Can Enhance Your Success Rate In The Forex Market
Author: johnsyanol

4. Donate To Ngo And Save Tax – Know How
Author: kanan james

5. The Asquith Group Tips On How To Get Out Of Debt
Author: Ava Kraegen

6. 5 Mistakes You Must Avoid In Sip
Author: Hetal Pandya

7. Taking A Loan On Property Is Now A Piece Of Cake!
Author: Hero FinCorp

8. What To Expect From A Credit Union Vancouver Wa
Author: Brian Miller

9. Top Reasons To Rely On An Oregon Credit Union
Author: Brian Miller

10. Credit Union Vancouver Wa Advantages
Author: Brian Miller

11. Auto Insurance Tips
Author: a plus auto insurance

12. Genuine Forex Robot Can Help You Make Good Profits Within No Time
Author: johnsyanol

13. Current Home Loan Interest Rates | Home Loans In Chennai
Author: Loansa Assis

14. Home Loans Scheme For Low Income Earners In Nsw
Author: Declan Murphy

15. Low Deposit Home Loans – Options Are Still There When You Search For Campbelltown Home Loans!
Author: Mc Cutcheon


Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: