4. Accelerated Repayment Scheme

Accelerated repayment scheme will provide you the opportunity to increase your EMI amounts whenever you have extra funds which you wish for using in the repayment of your home loan. This plan will provide you multiple benefits such as to increase your EMI as per your preference, repay your loan faster and save over the interest amount.

5. SmartFix Home Loans

'SmartFix' Home Loans has the combination of both fixed interest rates and floating interest rates. For the first 3 years you would be required to pay consistently the rate of interest fixed by your lending institution and the fourth year onwards, your loan will be switched to the existing floating interest rate. This three-year phase is called the lock period. After the completion of the lock period the outstanding loan amount will be covered by the floating rate. If there is a cut rate of interest you will gets an extra advantage of lower floating rate.

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