6 Options That Will Make Home Loan Repayment Easier
BANGALORE: Every one buying a house is different, so are their requirements. When it comes to selecting repayment plans, borrowers have individual needs. So now, Home Financing companies or lenders are also gearing up to come up with customized repayment plans to suite every home buyer’s need. This is a symbiotic way where both lender and borrower get benefit. These plans increase the repayment capacity of the borrower with some tax benefits.
It is important that a borrower chooses the best repayment plan as it is a long term plan and one cannot frequently change their lender or repayment plans. Various repayment options currently available are explained below.
1. Fixed Rate Repayment
In a fixed rate repayment plan, the rate of interest is either fixed for
