Lets Reduce the fat in your Home Loan

Lets Reduce the FAT in your HOME LOAN

1. Always keep track on rate that you are charged: Compare rates between Banks. Whenever your rate and other Bank rate difference is more than .5% just balance transfer.

Loan Amount 50 Lac 50 Lac You Can Save
Interest Rate 10.25% 10.75% .50%
Total Interest Paid in 20 Years Rs. 6,779,721 Rs. 7,182,747 Rs.4,03,026

Get Quotes on BALANCE TRANSFER from Top 10 Banks

2. Negotiate with existing Bank if rate is high.There are no pre payment charges in Home loan.

3. Pre-Pay your Home loan: If you have cash and if your investments are getting lower returns than your Home loan rate of interest, just pre pay.

4. Reduce your Tenure: If you have more income with you and you can increase your EMI, talk to the Bank and reduce your tenure. This will help in reducing total interest that you will pay.

Loan Amount Interest Rate Per Month EMI Loan Term Total Net Interest Paid
50 Lac 10.25% Rs. 54,498 15 Years Rs. 4,809,558
50 Lac 10.25% Rs. 49,082 20 Years Rs. 6,779,721

 

Check Free Cibil Score
Apply Here
I authorize Deal4loans.com & its partnering banks to contact me to explain the product & I Agree to Privacy policy and Terms and Conditions.
Top Banks for Home Loans in India
Banks Interest Rates
SBI 8.60% - 9.65%
HDFC Bank 8.50% - 9.40%
ICICI Bank 9.00% - 9.10%
LIC Housing Finance8.50% - 10.50%
PNB Housing 8.50% - 11.95%
Axis Bank 8.75% - 9.15%
Bank of Baroda 9.15% - 10.50%
Canara Bank 8.90 %- 11.25%
Aadhar Home loan N.A