Top 15 banks that offer the lowest home loan interest rates
A home loan is probably the biggest loan that most people ever make. Not only in terms of the loan amount but also tenures, which can easily be of 15 years or more. And the total final amount that one ends up paying by the time the loan ends, can be double of what was borrowed. But, a home loan is among the cheapest loans available, and most often, it is the only way a person can buy a house. A home loan is called a ‘good’ loan because it helps you acquire a tangible asset that appreciates over the long term.
If you are looking at it as an investment, then one must look at the compounded annual returns the asset can give, and the risk involved, just as you would with any other asset class.
Here’s a look at the latest home loan interest rates.