Shocking Truths You Didn’t Know About Home Loan Interest Rate and EMI Burdens
Description
Choosing the right lender is crucial when applying for a housing loan, as it can significantly impact your long-term financial planning. Among the most important factors is the home loan interest rate, which determines the total cost of your borrowing over the tenure. Interest rates may be fixed or floating, with the latter changing based on market conditions. Factors such as credit score, income, loan amount, and repayment capacity can influence the rate offered by the bank or NBFC. Always compare offers from different institutions to find the most competitive home loan interest rate for your financial needs.
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