The process of availing a loan has evolved significantly in the past few years, with easy and digital processes available that not only enable quicker disbursal but provides convenience for borrowers. Today, availing loans is not restricted to just financing big-ticket expenses like buying a house or a car or funding children’s education.
Loan is quite a popular financial instrument for meeting short term financial requirements. Many people tend to go for it without too much introspection. But before borrowing funds, there are certain rules that one must follow to avoid the debt trap of high interest rates and or weak repayment.
Home Loans in India.
Home Loans in India are provided by a number of banks and financial insitutitions. The table below illustrates the key terms, rates of interest and conditions of some of these financial institutions.