This new period of your financing increases otherwise reduce the desire
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 mortgage EMI calculator to know the best tenure for your home loan.