IDFC FIRST Bank
Who doesn’t like good bargains and when it comes to home loans, the lower the interest rates the better. Here are some reasons why.
Low interest rates = lower EMIs = lower expenses. This can help you save more and when you save more, you can invest more.
With lower EMIs, you can use the savings to prepay the home loan and reduce your outstanding debt. This can help you close the home loan faster.
Low-interest home loans become affordable to borrowers with limited resources. This makes home loans more accessible and marketable.
With reduced EMIs the chances of repayment default reduce. This is favourable for both borrowers and lenders as the loan is easily repaid.
Borrowers can build their credit score with a good repayment history as low-interest home loans make repayments easier and affordable.