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Interesting home loan options

April 1, 2009

Structured loans

Deutsche Bank has two products called as StepUp Home Loan and StepDown Home Loans.

In the former, one can avail of smaller EMIs in the initial period. The EMI increases with the progression of the loan.

"The interest payment in this loan is higher as banks charge only interest in the first few years," said Vinod Prajapati, director, Money Point, a DSA.

This loan also increases the eligibility of a borrower as it takes future earning potential.

Also read: Hyderabad airport among the world's top 10

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