Taking Home Loan Is Good Or Bad In India
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- Apr 14, 2017 · Some other benefits of taking a home loan should also be kept in mind. For instance, for a self-occupied property funded by a home loan, you can claim a maximum of …
- "I took a floating rate home loan from XYZ Bank at 10.5% three years ago. Subsequently, as the Reserve Bank of India, or RBI, increased rates, my bank also raised the interest rate.
- Taking home loan is not an bad idea. There are many benefits of taking home loan. Loan Amount: Home loans amount totally depends on the requirement; however there is limit is loan amount which is ranging from Rs.2 lac to Rs.200 lac, and this is calculated on applicant’s eligibility, repayment capacity and …
- Home loans or loans against property are long-tenure loans of 15-20 years, so the EMI per lakh of borrowing is the lowest compared to an auto or personal loan, which is of 4-5-year duration. Also, banks consider loans secured against property to be a safer bet and offer the lowest interest rate for such loans compared to other types of loans.
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