Ideal Tenure for HL

[Vishalvk]

For Home Loan Standard 20 Years Is Good or 10 years?

 

[rohit_20085]

Since home loan is the cheapest loan in India & tax exemption is also available for interest payment, longer tenure should be preferable. Longer tenure also helps to keep emi within manageable limits

 

[zacobite]

Since home loan is the cheapest loan in India & tax exemption is also available for interest payment, longer tenure should be preferable. Longer tenure also helps to keep emi within manageable limits

Any loan.. short the better.. as less a tenure as you can afford.. 20 yrs is a v long liability and if interest. rates increase the tenure will. become unmanageable.. So as less as you can manage on emi..

 

[ashwini]

Decide the home loan tenire based on emi it would cost you per month. Try to keep your emi less than 30-35% of household income.
This will help you hold property along with spare money to invest for future or principal repayment

 

[AlertsByVivek]

See it's completely depend on Your financial.
If you are young and not having any major liability on you. Then you can take lesser tenure as it will save you massive interest chunk. If you required home loan calculator with all details, let me know so I can attach you the Excel file which eventually help you to select the tenure.