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20 August 2012

Smallest Emi Offers - Understanding this offer on Home Loans

Home loans are a large amount and we understand that the decision of applying and approval and repayment of the home loan is a long term decision. A welcome change now is seen in the banks and finance housing sector companies here and abroad resorting to new concepts for increasing more movement in number of home loan borrowers.
The average middle call individual who is either single income or double income person sure sees  a sparkle of hope in this move. The inflation world wide and low sales in every sector the most affected industry has been the house construction industry and housing finance industry. As sales have been recorded very low and gradually diminishing with so many constructions on a stand still it was due from long time that a drastic measure be taken. Buyers and home loan borrowers were on a static action mode , wait and watch , as with such high rates of property it was just not possible to go in for a large home loan. the  risk of insecure future jobs and finance industries along with marketing industry on a low people from individual jobs sector were on a tight position to buy a new home.
One of the easiest criterion for selecting the best home loan and an important tip for an home loan applier would be to see, and understand and jump for any offers from housing finance home loan industry companies.  Lowest Emi offers are calculated according to the average income and salary earned by an individual. Targeting the average middle class as home buyers and home loan applicants the move from the lenders is to offer a reasonable EMI , that is the amount to be paid towards the repayment of your home loan every month. With the lending institution allowing 20% down payment a large sum of loan amount has to be repaid over pa period of 10, 20, to 25 years. Now since these plans have taken back stage and borrowers are still hesitating to apply for a home loan another way to lure more people to borrow money is to bring the amount going out as repayment as minimum, as low as can be worked out possible. By quoting this lowest EMI offer the borrower at a glance looks at the amount he/she needs to repay every month only. Small amounts every month can be easily saved for. the hitch here is the home loan will go on for a longer loan repayment tenure. Also it may be possible that the loan offered will be at a higher rate of interest. when selecting and opting for such an offer on your home loan do calculate the total amount you are paying for the purchase of your home. 
All the Best from Rizwana!


  1. A home loan is definitely a long-term, substantial amount of debt that can take a big chunk out of your monthly income. If your mortgage payments are going up faster than your income, you're just going to rack up a bigger debt or even lose the property in the event of default or foreclosure. So it is very important that you evaluate your job stability and financial status before you decide on.

    Chris from


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