Home loan EMI: 7 ways to reduce your home loan EMIs

New borrowers can opt for a hybrid loan

If you are a new borrower, then you need to take your time and evaluate a hybrid loan where the lender gives you the loan with a fixed rate for the initial few years after which it starts charging the prevailing floating rate of interest. However, do remember that the fixed rate on such a loan may be somewhat higher than the floating rate option.

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