New Delhi: For the salaried class, buying a house is a dream that can be accomplished only through a home loan that can be paid back in equated monthly instalments (EMI) from their salary every month. However, taking a home loan comes with its own set of drawbacks. For instance, taking a home loan actually means that you end up paying back double the loan amount or even more depending on the loan period. However, this still continues to be a popular way to have one’s own home.
PNB Housing Finance is offering a home loan of longer duration with lower EMIs? Should you opt for it?
Before you opt for a home loan, bear in mind that the value of the EMI depends on the term of the loan. The longer the loan, the higher the interest you will be paying
