New Delhi: After public and private sector banks in difficult times of Corona crisis, now Bajaj Housing Finance Limited (BHFL) has also announced a cut in interest rates on home loans. This associate company of Bajaj Finance Limited has said that now home loan interest rates will start from 6.90%. If you understand in easy terms, now customers will be able to make their home dream come true by taking home loan from BHFL at cheaper rates.
Such benefits will be directly given to the customers.
BHFL said that now the cost of the house will be reduced due to the reduction in interest rates. At the same time, they will have to pay a lower installment every month, so that their monthly budget will not be spoiled. Apart from this, till the end of the loan term, they will also get a big benefit in the amount paid as interest. The company said that every reduction in the interest rates directly reduces the cost of the loan and benefits the customers. The company said that the interest rate has been kept separately on loans of different value.
The new rates will take a home loan so saving
According to Bajaj Housing Finance Ltd., if someone has taken the 1 crore home loan interest rate of 6.90 per cent for a period of 30 year to pay him Rs 65,860 per month Will happen. On this basis, he will have to pay a total of Rs 1,37,09,606 till the loan period ends. At the same time, if a person takes the same home loan at the rate of 7% for the same period, then he will have to pay Rs 66,530 every month i.e. by the end he will have paid Rs 1,39,50,889. If you understand in easy terms, taking a loan at new rates will save him Rs 2,41,283.