A home loan serves as a financial tool for individuals aiming to purchase a home. However, beyond just securing the loan, it's vital to assess its overall cost. When considering eligibility, also check the total cost, including interest, fees, and penalties.
Latest home loan interest rates: When evaluating the eligibility of your home loan, you should examine its cost. Here is a list of banks’ home loan interest rates for April 2024 .
For existing borrowers there are opportunities to switch lenders in the current scenario with several banks offering home loans starting around 8.5 percent. The new home loan borrowers should scout for banks offering loans with the narrowest possible spread. This will reduce the interest payable.
Come April 1, we hope you have a happy new financial year! Be sure to download our calendar and keep track of your portfolio, your tax filing dates, your life and health insurance policies, and Valentine s Day, among other things. The Money Calendar 2024-25 helps you stay abreast of the most important dates in the upcoming financial year.