Hi,
I am planning to take home loan of amount 10 lac from SBH which having nil prepayment charges , So I thought its better to take long term home loan of 20 years , for which EMI will be lesser as compare to 10 yrs term EMI, although my finacial situation is capable to pay EMI for 10 yrs term and I know that I can clear this within 5-6 years,
Could you please help me on this , which loan terms is better in my situation … 10 or 20 yrs ?