1 / 13

Say goodbye to costly home loans! Check out these smart tips to lower your interest burden and save money.

The statement "Say goodbye to costly home loans! Check out these smart tips to lower your interest burden and save money" is a marketing phrase that aims to catch the attention of individuals who are looking for ways to reduce the cost of their home loans.

ChaviChadha
Download Presentation

Say goodbye to costly home loans! Check out these smart tips to lower your interest burden and save money.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Lower Your Home Loan Interest Burden Using The Following Tips

  2. Solid Credibility • Work towards enhancing your credit score.

  3. Increase Down Payment • A larger down payment reduces the loan principal, lowering the EMI and interest burden.

  4. Short Tenure Choose a short-term loan to reduce the amount of interest payable.

  5. Compare Lenders • Check to see what other lending institutions are charging for home loans.

  6. Get Loan Insurance It assumes the loan burden in the event of the borrower's death. The sense of security it provides persuades lenders to offer a low-interest loan.

  7. Prepay Your Loan Prepaying your debt regularly allows for early loan closure, lowering the interest burden.

  8. Series 1 Series 2 Series 3 Revise Your EMI Increase the EMI annually as your income grows.

  9. Balance Transfer Switch to a new lender that offers a lower rate.

  10. Get Floating-Rate Loan • These loans are less expensive than fixed-rate mortgages.

  11. Choose Existing Lender Existing lenders with whom you have made timely payments will approve an affordable loan.

  12. Adhering to the tips above can help you manage your debt more effectively while lowering your home loan interest burden.

  13. Thanks For Watching Would Love to hear from you. Hero Housing Finance Ltd. 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel: 18001024145 Email: customer.care@herofincorp.com Website: https://www.herohousingfinance.com/ Know More: Say goodbye to costly home loans! Check out these smart tips to lower your interest burden and save money.

More Related