How to evaluate banks on Home Loan ?

[KrishShah]

Home Loan Interest Rates - 25 Dec 2024

Home Loan Interest Rates - Get the lowest Interest rate starting at 8.35% p.a. with minimum applicable processing fee starting from 0.25% of the loan amount.

www.bankbazaar.com

this link compares for the interest rates and processing fees for home loan from each bank. How should one evaluate which bank to go for? what should be the other factors to consider in and clarify before starting the loan.

 

[nikhilk21]

See this excellent thread from @Vasuki on home loan.

Thread 'Home Loan Basics ( How to save on home loan and Taxes )'

Apr 21, 2024

Disclaimer - I have complied information and wrote this . Take your CA words for tax & do your own research for more
You can edit if u see anything wrong..
Sorry for grammatical mistakes.




Loan calculator for reference:-

Let's cut short and here is how u can save directly or indirectly after getting the home loan :-
1- Payment of 2-3 extra emi in a year ,when u can afford or get Bonus
2- FLOATING RATE LOANS
when your intrest rate is changed ( yes bank can do it without informing) you need to restructure the loan and increase emi amount by few thousand.
IF repo rate has...

• Vasuki
• Replies: 115
• Forum: Loan

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