Thinking of buying a home? Well this would be the great time. If you’re planning for a home loan, Jan 2017 bears good news for you. Indiabulls Home Loans has reduced its interest rate to a remarkable 8.65%, bringing forth a ton of benefits for you.
Here are four reasons why you must book your home, and book it NOW!
One of the prime reasons why you might be shying away from taking a loan is due to the economic burden of having to spend a lump sum of your monthly income on EMIs. Indians often get worried to make ends meet with the pressure of a pending loan on their shoulders. However, with lesser interest comes the added advantage of having smaller home loan EMIs. This in turn increases your disposable income, thereby enabling you to spend on other needs with more ease.
There is no better time than the present, especially when it comes to interest rates! The economy is highly unpredictable. Changes occur drastically at any time and place. This uncertainty also means that interest rates can rise at any time. Hence, capitalizing on the benefit of low Interest rates is vital as what lies on the morrow may not be the same rosy picture as today.
Long Term Savings
While the fall in home loan interest rates may appear marginal, but when you take into consideration the amount borrowed, the subsequent time over which the money has been borrowed and finally the added interest amount, the resultant value is fairly high. In such a scenario, even a minor difference in the interest rates can lead to saving a huge lump sum of money in the long run. These can positively affect your long-term, personal and financial goals, and save you from having to compromise on other expenditures.
Best Price for Your House
Many give up on the house they like, or the area that they want to stay in because the house values lie beyond their income bracket. Well, if you are in two minds, a lower interest rate means this is the best price you will ever get on the dream house. With lower interest rates, ensure that you get your desired property at the best available market price. In conclusion, with Indiabulls Home Loans offering you the lowest home loan interest rate of 8.65%, this would be the best time to opt for your own home. Click here to know more about Indiabulls Home Loans. Related Articles: