When you have a cash flow problem and are forced to take out a loan, such as a personal loan or a secured loan, you may end up paying far more in interest than you would on a home loan. So, why use your own money and put yourself in debt to buy a house? Your funds will assist you in meeting other important financial objectives while also protecting you from life's uncertainties. Even if you have enough cash to purchase a home outright, you may choose to use a home loan to avoid paying taxes. As a result, you can invest your money with confidence. Current floating rate mortgage interest rates, for example, range from 7.9 percent to 8.3 percent per year, depending on your credit score, loan size, and duration. These record-low rates are now being offered as a result of the RBI's mandate to lenders to link retail loan rates to an external benchmark such as the repo rate. So, if you have a home loan with an interest rate of 8% and can pay it off in a year, the total interest amount is Rs 3.5 lakh.
FOR MORE DETAILS PLEASE CONTACT US AT 9950995919.
| Tags: | #BEST HOME LOAN PROVIDER IN KATHPUTLI NAGAR , # BEST HOME LOAN PROVIDER IN KESHAV NAGAR , # BEST HOME LOAN PROVIDER IN JAIPUR , # BEST HOME LOAN PROVIDER IN RAJASTHAN |
