How Much Interest Do You Pay For Your Home Loan

[nomad]

I do not have a home loan, however, in our country, the base interest rate for home loan is around 11 percent. The base interest rate means the minimum interest. Some banks charge upto 15 percent.

 

[Stardom22]

For me l have never taken any mortgage for that matter. I am however saving for my dream home.

 

[Suba]

In my country, if we take out a mortgage loan, each bank will determine a different interest rate, but between 7% and 10% for a period of 10 years.

 

[freelancermaria]

I do not currently have a mortgage because I am unable to afford a home at the moment. As a result, I am renting a small apartment.

 

[Sanjeev]

I have not taken home loan as I live in a parental home and I don't need to own a new home.

 

[grigorie888]

I've never had a mortgage either, and it's good to hear that others are saving up for their dream homes. The interest rates in our countries do vary greatly, don't they? I'm hoping to own a home one day, but for now, I'm just taking it one step at a time.

 

[Rubz]

I do not have a home loan also and i really do not know how much the banks charge for a home loan. I have never made inquiries about it.

 

[Hate2Wait]

I haven't took any home loan but when the last time I checked about the rates it was from 12 to 15% or something like that

 

[Starmix]

I did not purchase or build my home through a loan. I built it through cash in millions.

 

[Passiveearner]

I live with my family and my family owns a house. This is why we do not need to pay any kind of interest at all, which is a really great thing.

 

[Hate2Wait]

I think its 15% or something like that but I have never went for any home loan but will see if I need to get one

 

[cherry123]

I mostly borrowed more from my bank and it is always a 3% discount which to me is no big deal at all

 

[Hate2Wait]

Thankfully I was not required to borrow and will only borrow when I can't arrange from internal sources or to start my business

 

[Passiveearner]

Interest is forbidden in my Noble religion of Islam and this is why I do not deal in interest at all. Interest overburden a person with extra debts. This leads to financial instability.

Thankfully I was not required to borrow and will only borrow when I can't arrange from internal sources or to start my business

 

[cherry123]

It is not about the interest rate you need to be sure it would favor you. paying back a loan is always the hardest

 

[Hate2Wait]

I am not paying any interest because I am yet to take any home loan but I guess the rate is from 12 to 15% or so

 

[Passiveearner]

You can easily obtain interest-free loans from your family, friends, and relatives. I borrow money as I obtain interest-free loans without needing to pay any kind of interest on loans.

I am not paying any interest because I am yet to take any home loan but I guess the rate is from 12 to 15% or so

 

[Hate2Wait]

This is possible but if you like to start a business and need a loan of big amount then friends and relatives may not help

 

[Passiveearner]

Under that circumstances, you can borrow loans from multiple family members or relatives. There are many community-based organisations that may also help.

This is possible but if you like to start a business and need a loan of big amount then friends and relatives may not help

 

[Hate2Wait]

I think it's better to find other sources because taking help from family members may not be a good thing in my books