For instance, the home loan interest for the tenure of 20 years is higher than that for 15 years. If you are looking for the cheapest home loan rates, check right here on the IDFC FIRST Bank website.

Home loans with a longer tenure have a higher interest rate than those with a shorter term. You can use IDFC FIRST Bank’s home loan EMI calculator to know the best tenure for your home loan.

Location of the Possessions

The house or property located in a primary place using first features has a high resale worth than the one out of new borders of your area. Therefore, finance companies bring fund into assets, having highest selling value, on a diminished interest rate, and for the lower resale really worth it costs high interest rate. 继续阅读 →