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The rate of interest on home loans is a crucial factor for borrowers, as it directly influences the cost of borrowing and the overall affordability of the home. Here are some key reasons why the rate of interest is important
Lenders typically consider the following factors when determining home loan eligibility: Income: Banks generally consider your gross monthly income. The loan amount eligibility is a multiple of your monthly income, typically ranging from 1.5 to 2 times your annual income.
What to look for in a #HomeLoan? Is it the Interest Rate? Yes, the first thing which comes to anyone’s mind is the Interest Rate. “I want the lowest Rate of Interest for my home loan” is the first statement
Gold is an asset which every household has as an Investment, as part of their savings, as a security and in case of a need it is a savior, since one can pledge it to avail the funds for emergencies.
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