Best Home Loan Rates

Home loan is probably the biggest loan. Not only in terms of loan amount, but also the tenure, which can be 15 years or more. The total final amount one pays can be twice the amount borrowed. But a home loan is one of the cheapest loans available, and is usually the only way a person can buy a home. A home loan is called a ‘good’ loan as it helps you acquire a tangible asset that can appreciate over a long period of time. Buying a home is wise if you plan to live in it. This is also the reason, apart from the fact that many housing projects in India are delayed by many years, why financial advisors say that one should buy a ready-made home. Here is a look at the lowest home loan interest rates from some of the leading banks.