Bangalore: A home loan provides you sufficient amount of finance to buy your dream house. There are many banks and lending institutions present in the market to aid you with a loan, but as every borrower have different financial background, it is very important to choose carefully the repayment options.

There are few prime factors to choose a loan, like the scheme should be affordable by you, and should increase your repayment capacity and provide you tax benefits as well. If you choose your home loan scheme carefully then repayment can be a lot easier.

For your knowledge Joseph Samson of RupeesTimes on behalf of Rediff has come up with few easy options of home loan repayment -

1. Step-Up Repayment Facility (SURF)

In Step-up repayment facility, payment of installments will be directly associated with your increase in income year after year. This plan is best suited when you are in the beginning of your career, as it will allow you to pay smaller amounts of Easy monthly installments (EMIs) in the initial years and step by step raise them with each phase along with the increase in your earnings.