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FAQ: Are there any market products to reduce loan interest rates? - Property Hotline
Posted
May 27, 2016
Views
335
May 27, 2016
335
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6:13Now PlayingExpert: P.V Subramanyam, Home finance Expert
Q: I have applied for a home loan from SBI's Max Gain account. What is the minimum rate of interest I can get in the SBI Max Gain account? My loan amount is Rs. 42 lakh. I earn Rs. 50,000 per month and my wife earns Rs. 35,000. Additionally, can you tell me what products are available in the market to reduce interest rate?
Answer: There are no products in the market which can reduce the interest. The only way the interest rates can go down is if you repay fast. If you are comfortable with the amount of the loan, pay the EMIs and invest the money as mutual funds. After sometime you can repay the loan..
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