Everything that you must know about mortgage loan interest rate

1
This is Your Presentation Title
EVERYTHING THAT YOU MUST KNOW ABOUT MORTGAGE LOAN
INTEREST RATE
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How is the interest rate on a mortgage loan
calculated?

• It is calculated on the outstanding principal
  amount.

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• Various types of mortgage loan interest rates in
  India

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Fixed interest rate

• The rate remains fixed throughout the loan term.

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Adjustable interest rate

• The rate fluctuates over time.
• Interest rates are dependent upon RBI's base rate
  and market conditions.

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Learn about mortgage loan APR and how it differs
from the interest rate.

• It considers the overall cost of your loan.
• APR includes processing fees, foreclosure
  charges, legal charges, etc.

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How to calculate mortgage loan interest rate on a
calculator?

• Simply enter three variables- principal amount,
  interest rate, and tenure.
• Click on the submit button to get the output.

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How to get a low-interest mortgage loan?

• Pay your existing loan EMI on time.
• Have a stable job or business.

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• Before applying for a mortgage loan, know about
  the different interest rates and how they affect
  your budget.

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Would Love to hear from you.
Hero Fincorp Limited
09, Basant Lok, Vasant Vihar, New Delhi -
110057
Tel [phone]
Email corporate_at_herofincorp.com
Website https//www.herofincorp.com/
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mortgage loan interest rate