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EMI plays significant role with low interest rate

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With rise of dark clouds at the sidelines of the economy many banks have made certain norms to deduce the burden of EMI for their consumers. It is been lately but positively realized that the entire range of loans does depends only on the low rate of interest but at the same time it has the equal effect with the feasible EMI.
According to the sources of www.propertykhazana.com many govt. and private banks introduced certain norms to lessen the EMI burden with many feasible structures like State Bank making it with Maxgain. Similarly other banks like ICICI made it as money saver and Home saver by Standard Chartered.
Source of www.propertykhazana.com also reveals that today the customers have the cash but all they require is the liquidity for their sole purpose of dream homes. “With an explanation it will be cleared that – if any individual makes an application for a home loan then first of all he or she has to open up a bank account and then looking to the strength of the applicant loan is allotted. But with these new schemes the EMI for the certain applicant will be deducted from his principal amount deposited in this bank account and it makes an option for the consumer to avail the loan with less EMI” added the director of Dream finance.
In accordance to it there are many banks providing similar options for the loan applicants with both fixed and floating rates. Director of Money point reveals that “the payment of the interest in such loan is much higher in initial years as compared to the other schemes”. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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