Monetize Financial is one of the leading companies across India to offer Home Loans to prospective Home buyers. We at Monetize Financial understand that buying a home and building it, is more or less a once a lifetime event and we pledge to make the process towards this event, a hassle free one. The rates at which we offer Home Loans will be one of the lowest you will find in the market, as we are associated with top notch leading banks and NBFCs.
However, the interest rate for home loan depends on a lot of factors like your total loan amount, your profession, maximum period of repayment etc.
Home loan is given to entities who are interested to purchase or to construct a house. It works as a medium for those who are not able to provide the full cost of that property. When a home loan is provided to the consumer there is an interest charge that has to be paid to the bank monthly. For the eligibility of the home loan, consumer has to provide a property which is equivalent to the value of the home loan. To specify, the property is mortgaged to the bank as a security till the repayment of the Home Loan is done. When the repayment of the home loan is done to that bank or the financial institution, then once again the deed will be transferred back to that respective client.
A home loan can have fixed or a variable interest rate