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Home Education Loan guidelines: #1 Keep loan term as short as possible

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Loan guidelines: #1 Keep loan term as short as possible

Loan guidelines: #1 Keep loan term as short as possible

Friday, May 12, 2017, 10:30 AM

The maximum home loan tenure offered by all major lenders is 30 years. The longer the tenure, the lower is the EMI, which makes it very tempting to go for a 25-30 year loan. However, it is best to take a loan for the shortest tenure you can afford. In a long-term loan, the interest outgo is too high.
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