Home loans in hyderabad | LoansParadise

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How to reduce the interest rates on home loans?
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• A quick home loan is availed to purchase a home,
  and this must be availed by putting a house as
  collateral with the lender.
• There are few ways to cut the interest rate
  charged on home loans.

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•  Shorter tenure period A shorter tenure period
  will make the interest rate lesser, as the loan
  may be lifted off quickly within the set period.

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• Pre-payments Regular pre-payments like paying
  some of the amounts in advance will save
  additional money and give a lesser burden

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• Opt for balance transfer If you already have a
  loan in one bank that is charging high-interest
  rates, then opt for a balance transfer. The new
  bank will charge low-interest rates when
  compared.

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• Variable interest rate Banks have mandated to
  link repo rates with interest rates.
• Variable-rate of interest is the most affordable
  one compared to the fixed interest rate.

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• Revise EMI pay-outs Increasing the payment of
  EMI by a small percentage, will reduce in your
  tenure period,
• which enables to make the payment faster and
  ultimately lessens the interest rate.

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Email info_at_finfreeenterprises.com
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