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AFC, Asset Financial Consultants Pvt Ltd Home Loan, AFC home loan in Pune


These days home loan companies are offering many customized repayment options to suit the borrower’s loan requirements. Among these options, some provide flexibility in repaying the loan, while others are linked to the various stages of the house construction. Overall, these plans are for the benefit of both the lender and the borrower. Some of these plans can even increase the repayment capacity of the borrower along with some tax benefits.
A home loan with delayed EMI payments is a very good option for some of the borrowers who are not able to pay the EMIs at the beginning of the loan tenure. This option offers the home loan borrower to begin the repayment of their home loan later. This facility is provided by SBI with which flexi pay is available where the borrower is not bound to make repayment anywhere between 36 months and 60 months. This period is known as moratorium period and during this, the home loan borrower need not pay any EMI but only the pre-agreed rate.

AFC Home Loan in Pune, Best Home Loan in Pune, Asset Financial Consultants Pvt Ltd Pune, resale home loan in Pune from AFC

Simple but important question everyone is asking about home loans
Is a short tenure home loan better or long tenure home loan?
Banks offer home loan tenure ranging from 5 years to 30 years. When you take a short tenure home loan, your EMI will be high. If you extend the same home loan to a longer tenure, the EMI will be lower.
It might seem that a low EMI is your best option. But that is not so. A lower EMI may be comfortable on your pockets, but you would take longer to finish repaying your home loan. So you will be paying interest on your loan for a longer period of time.
On the other hand, if you take a short tenure, your loan interest will be relatively less but, your EMI will be higher.

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