What a home loan costs you
A home loan is perhaps the biggest loan that most people ever take. Even more reason why a choice should be made after looking at all the costs
A home loan is probably the biggest loan that most people ever take. 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.