How to reduce home loan interest?
This is where you can know how to reduce the rate of interest in home loan.The biggest investment for a middle class man is home loan. The most efficient ways in which you can do savings. You can also use these strategies in making other loans too.
Most efficient ways

Pre-loan
Take a loan from a family member with the highest CIBIL score. Your CIBIL score is calculated based on your credit behaviour as reflected in the ‘Accounts’ and ‘Enquiries’ section of your CIR ranges between 300-900. A score above 700 is generally considered as a good score.
Let private banks complete. Everything is negotiable.
You can complete private banks to know where you get comparatively less interest.
Make sure the bank allows repayment and has 0 closing charges.
Make sure the bank allows you repayment whenever and have much you want. Negotiate with banks and have 0 closing charges.
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After-loan
Refinance (percentage is always negotiable)
If you have already taken a loan from a bank, at times you were not having your CIBIL score or you were not getting a loan from some other banks. At times if some other bank offers you with less percentage of interest, then you can refinance your loan. Moreover, the later bank will pay all your existing loans in your former bank, then you can continue repayment the later one. It is profitable as of now you have a good CIBIL score and you have to pay less interest.
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Closing cost
Make sure you have proper knowledge about closing charges.
Charges of a new loan
A new loan contains processing fees.
Pay-Early
This part is the most profitable one.Extra repayment will reduce the time period of the loan which will help to reduce the interest value. Always try to pay extra and reduce your time of repayment.
Pay selling useless stuff
You can sell your useless stuff to get some extra money.
Pay lottery/bonus
You can use lotteries and bonuses from the banks. You can take loans through female accounts as it contains discounts.
Pay using friends/family
You can arrange money from family and friends which you can return to them later after repayment of loans. This will reduce the rate of interest.
Try rental income
You can arrange money by giving rent or other bonuses.
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