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How to Repay and Save On Home Loans?

By SiliconIndia   |   Tuesday, May 28, 2013   |    3 Comments
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Bangalore: Home is one of the basic necessities of life and to have a home of our own choice is one of the most common dreams in everyone’s life. At times, when we are not financially strong enough, home loans fulfills our dream to have a home of our own choice. Here are some of the facts about repaying home loans, as reported by Priya Nair from Business Standard.

Nowadays, most of the banks offer various home loan schemes and are encouraging people to avail this scheme and to fulfill their dreams. Apart from fulfilling the dreams, these home loans can also become one of the biggest responsibilities, if not repaid on time.

To soften the process of repaying a home loan, the Reserve Bank of India and the National Housing Bank has directed all the banks to remove the floating rate penalties and to consider the original interest rates. This has removed the penalty fees and also gives an option to the individual to save on repaying the home loans.

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Reader's comments(3)
1: hi,
Yes it will be use full in avoiding unnecessary pay to the banks. We can repay our home loan amount and reduce some burden.for calculation or apply for home loan i suggest https://www.letzbank.com for fastest approval
Posted by:prasad - 21 Apr, 2016
2: hi,
Yes it will be use full in avoiding unnecessary pay to the banks. We can repay our home loan amount and reduce some burden.for calculation or apply for home loan i suggest https://www.letzbank.com for fastest approval
Posted by:prasad - 21 Apr, 2016
3: yes its much better to repay the home loan amount to save amount which you have to pay in the form of Interest to the bank. If you have enough money to repay the loan than its a great deal. But always check before repay the loan how much you can save by repayment of loan. For calculate you can use this Repayment calculator
Posted by:Hardeep - 20 Aug, 2013
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