Home Loans are secured loans—the property you buy provides the collateral for the loan. So, Home Loan interest rates are much less compared to many other loans. Still, the sum borrowed is large, as apartments don’t come cheap and so, even a little reduction in the interest rate can make a big difference.
Here are some tips to help reduce the interest amount you pay on your Home Loan. However, take a look at how the lending rate is calculated first.