123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

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

Customize Your Home Loan Interest Rates Accurately

By Author: Aishwarya Mahurkar
Total Articles: 33

Most borrowers understand that their home, income and age finalize principal amount and housing finance tenure. Then, home loan rates in India are the only facet that can lower their monthly EMI. That’s why a lot of borrowers search for the lowest home loan interest rates keenly. But that is not enough. Several other factors affect your monthly EMI. A smart borrower will take into account. He uses all these facets of home loan rates to lower EMI. Here is how you can customize your housing loan interest rates too.


There are three types of home loan rates in India – fixed, floating and hybrid rates. You need to select right one. Take an overview of your long term financial situation. Can you afford to pay higher home loan interest rates? Will you be able to handle any fluctuation interest rates? Can you manage to track floating and fixed rates and pay both accordingly? It is your call. But, caution is vital.


At the end of the day, the number is most important. But, if you receive a loan offer with higher home loan interest rates, you have quite a few strategies to lower it to suit your budget. Therefore, you need to know your pit stops to opt for the lowest housing loan interest rates.

• Improve your credit score.
• Demonstrate yourself as a responsible individual; who can handle debt carefully.
• Consider multiple home loan offers simultaneously.
• Repay any other mortgage EMI consistently.


When you are looking for housing finance, lender it is typically determined by the home loan rates. However, if you select a customer-centric lender like DHFL, you can choose any of repayment options available to lower current EMI. You can negotiate with loan officer before signing on agreement. Flexible and buyer-centric organizations allow buyers to settle into home loan EMIs by lowering the home loan interest rates. These lenders will continue to support you after signing housing finance agreement via easy rescheduling options and restructuring choices. In a long run, a right lender will be more useful than lowest home loan interest rates.

So, use all these aspects well to customise your home loan rates. You must also understand your monthly income and other liabilities. You can also take help of personal finance experts to customise these rates and fit your monthly EMIs comfortably into your income. These ideas will ensure that you will repay your EMI and meet other monthly requirements comfortably.

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 facility such as home loan interest rates, documents, eligibility criteria that help to make the best decision.

Total Views: 145Word Count: 453See All articles From Author

Investing / Finance Articles

1. All You Want To Know About An Nro Account
Author: Samantha Kennedy

2. Why You Must Outsource Accounting Services Sans Any Doubt And Fear
Author: Lee Bruce

3. Why Door To Door Loans Had Been So Popular Till Now?
Author: David Brown

4. The Latest Trend In Door To Door Loans.
Author: David Brown

5. The Ultimate Revelation Of Door To Door Loans.
Author: David Brown

6. Growing Your Company With Invoice Factoring Funding
Author: Nova Cash Flow Finance

7. All Eyes On The Following Intraday Cash Strategies
Author: robin scott

8. Choosing Chartered Accountancy Profession With Number Of Possibilities
Author: Austin K Loader

9. Greater Noida Triumphs Over Gurgaon To Invite With The Finest Golfing Luxury Living – The Hemisphere
Author: The Hemisphere

10. Towards Benchmarking- Efforts Made Towards Improving Transport Efficiency
Author: Dylan Munro

11. Tips For Ambitious Property Investors
Author: Charlie

12. Need Of The Hour For Investors - Equity Research Reports
Author: Aastha Kapoor

13. Critical Guidelines For Availing Short Term Loans In United Kingdom
Author: David Brown

14. How Do Banks Benefit From An Asset Reconstruction Company In India?
Author: Nidan Narkhade

15. Long Haul Auto Loan: Understand The Pros And Cons Before Saying Yes
Author: David Brown

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