5 Ways to Save Money on Home Loan

5 Ways to Save Money on Home Loan

Before a decade, I saw my grandfather purchased his brand new dream house using his PF settlement money that he had got during his retirement. But now, I wonder how things have been changed over the decades. What I have been witnessing in this fast paced world is, the people want to achieve things quickly . That's not bad but we have to be careful while choosing the type of property. Whether it is going to bite your hand in terms of EMIs.

Addressing about the factors in terms of funds that goes out of your pocket, it is useful, especially for salaried individuals. So, how to save money on your loan, Yes! You read that right following are the tips to save money on your home loans.

Top 5 Tips to Save Money:

  • Keep your research eye focused on lower interest rate offers. Compare bank to bank rates and offers which suits your requirements.
  • Wisely selects the loan tenure short which makes you finish the repayment soon with lower interest cost. However the interest is calculated with respect to the outstanding principal amount, quick payment will save you a hand full of money for sure.
  • If you are on loan already, go ahead and refinance the loan at a lower interest rate. This brings down your extra interest payment down.
  • If you can use your surplus money for one more payment towards your EMI (than usual). This additional payment will reduce the thickness of the interest down?
  • After your annual bonus or salary hike if increased the payment on the rate of interest by 5% more every year will definitely have a big positive impact on your financial plan.

  • If you are in search of plots or villas which in terms of assets or investment Moodbidri suits both. Wonderful isn’t it, presenting the best and luxury plots and villas in Moodbidri. Over 6 acres of wide land spread the layout is sliced into 60 units as per the space suits for all residential types like 1,2,3 BHK. The key feature of this property is the location where you will get all the facilities with reasonable minutes of time.

    The facilities at Amitha Nature’s Nest includes:

  • Tar Roads
  • Centralized water supply system
  • Sewage treatment plants
  • Children’s play parks
  • Round the clock security
  • Site markings for all the plots
  • STP or septic tank systems
  • 9.00 m wide internal roads
  • Stormwater Drains
  • The key distances to the project covers:

  • Moodbidri city center- 4 kms
  • Mangalore International airport- 23 kms
  • Schools & Colleges- within close proximity- 2-6 kms
  • Mangalore city- 34 kms
  • Alva's Health Centre/Hospital- 3 kms
  • The best places to visit in Moodbidri-

  • The Thousand pillared Temple
  • Sri Somanatheshwara Cave Temple
  • Church of the Holy Cross
  • Guru Basadi

  • The best time to build your dream home is now because of this buyer’s favourable 2017-18 budget allegation. Get connected with us, contact at +91 - 9886123650 for more details about the project make a site visit enquiry at Amitha.