Buying a house has been everyone’s aspiration forever, and in a fast-developing city like Pune, the aspiration has become a reality for thousands of individuals. With good interest rates and flexible repayment plans, getting a home loan in Pune has never been simpler. But knowing how to get the lowest home loan interest rates in Pune is important if you want to save money in the days to come.
A home loan is a secured loan that allows buying, building, or refurbishing a home by availing of a loan from a bank or a house finance company (HFC). It is repaid in the form of EMIs (equated monthly installments) over a set period of time. You are, however, mandated to fulfill the lender’s eligibility criteria first before applying for a loan, which typically requires a good credit score, steady income, and other documentation.