For TDS payment assistance:
Tel: +91 22 4004 2131 / +91 99203 50878
Email: info@gyaata.in / gourav@gyaata.in
For Home loan assistance:
Tel: +91 8433 9996 22
Avail of a preferential corporate pricing
if your organization is listed with us.
Click here to know more.
BACK

How To Select The Best Home Loan?

By Admin Posted May 04, 2018 In Property investment

A home loan that is tailored to your requirements can play an instrumental role in turning your dreams into reality. If you are in the market for a good home loan offer, it is only understandable that you are confused about making the right choice. There are very many home loan offers out there, which is why it is important for homebuyers to be selective. 

Here are some tips on how to select the best home loan: 

1.     The lowest rate of interest isn’t always the best: Don’t simply opt for the lowest rate of interest, as there can be other hidden costs embedded here. Make sure to read the fine print and make enough comparisons before choosing a home loan offer. 

2.     A floating rate of interest is preferable: Over a long period of time, a home loan with a floating rate of interest typically works out to be more economical than one with a fixed rate.

3.     Go for an industry-specific loan: Apply for a loan to a lending company or firm that specializes in home loans. These firms understand the real estate sector, and are likely to offer you the best deals.

4.     Deals and concessions can make a big difference: Be mindful of the tax deductions and other deals and concessions that you can avail of against the home loan. In the long run, these can ease the loan repayment burden to a large extent.

5.     Keep your biases out of the way: You may not have had a great loan experience with a different product in the past, and your friends and family may have their own tales to tell, but the key to making the best home loan decision is to do the math yourself and see what works best for you.

6.     Online reviews can offer valuable insight: Make sure to do your fair share of research before choosing a home loan offer. Reading online reviews by other customers can provide valuable insights.

7.     Consult the experts on the matter:  Your wealth manager, chartered account and bank relationship manager can help you make an informed decision about a good home loan offer, as they have insights about your income and financial situation.

 Looking to invest in a home? Runwal Greens, a premium residential project by the Runwal Group, presents luxury 3 BHK flats in Mulund West

Disclaimer

The plans, specifications, images and other details herein are only indicative and subject to approval of the concerned authorities. The Group / Owner reserves the right to change any or all of these in the interest of the development, without prior notice or obligation. Artist’s impressions are used to illustrate amenities, specifications, images and other details and these may be applicable to select apartments only. Tolerance of +/- 3% is possible in the unit areas on account of design and construction variances. All brands stated are subject to final decision of the project architect. This printed material does not constitute an offer and/or contract of any type between the Group / Owner and the recipient. No booking or allotment shall be deemed to have been made on the basis of this printed material. Any Purchaser / Lessee of this development shall be governed by the terms and conditions of the agreement for sale / lease entered into between the parties, and no details mentioned in this printed material shall in any way govern such transactions unless as may be otherwise expressly provided in the agreement for sale/lease by the Group / Owner. The Group / Owner does not warrant or assume any liability or responsibility for the accuracy or completeness of any information contained herein.