How does Rate of Interest affect your Home Loan???

Do You know the cost of paying 1 % more on rate of interest for your Home Loan??
Keep watching this space..

W'll be right back with a short clarification on this

For any queries on your Home Loans or Personal Loans, Feel free to reach me:
A Bala Manikanta
Whatsapp : 9848003023
mail : abmanikanta@gmail.com

Comments

Post a Comment

Popular posts from this blog

You could save upto INR 70,000 on your Home Loan!!!!

Image
Hello Everyone!!! So have you guessed what you could save by bargaining just 1% reduced rate of Interest with your Banker..?? Here you go.. It’s actually very easy to predict. Download EMI Calculator App from the app store and calculate the EMI by entering the details like Principal amount. Rate of Interest and Tenure in months or years whichever is comfortable. For instance lemme calculate the EMI for you for INR 1Lakh, with different rates of Interest and generally the time period for Home loans is 240 months or 20 Years. So I entered the details as shown below: I calculated the EMI values for different Rates as shown below: There you go, you got to know EMI values for different rate of interests. My findings here say that on an average we save atleast Rupee 70 every month, for change in rate by just 1%. So all you need is to calculate what are you paying over the tenure of 20 years - INR 70 * 240months = INR 16800.00 You will be surprised to know, what ...
Read more

Shore Temple, Mahabalipuram

Image
The Shore Temple at Mahabalipuram, TamilNadu   The Shore Temple at Mahabalipuram is one of the most beautiful places to visit in India. It can be particularly admired during sunrise. As the Sun rises out of the Bay of Bengal sea, different colors just dispersing through the moist air creates a heart touching moment of the life.
Read more