Now that you understand the difference between SIBOR, Board Rate, and Fixed Deposit home loans – it’s time to put all the last few sessions to good use. One of the worst things you can do is go straight to the nearest bank, and get your home loan from “wherever”. Yes, we know that hearing about loans is not exactly prime entertainment; and speed does matter. But the truth is, it doesn’t take long to compare loan packages and find the better deal; and it’s a small investment of time, for something that’s going to occupy you for the next 25 to 30 years. Here’s a painless way to compare them: What’s the main differentiation between home loans? Almost nothing except the interest rates. Home loans are not a highly differentiated product: if you pick a home loan that costs more, your only “bonus” is that you get to pay more money....