How does 'interest only home loan' work; should you opt for it?

[IndiaInsurance]

https://img.etimg.com/photo/89780426.cms (https://economictimes.indiatimes.com/wealth/borrow/how-does-interest-only-home-loan-work-should-you-opt-for-it/articleshow/89780426.cms)The interest free period that you get on the interest only home loan is just an extension of your home loan tenure. So, if you are taking a 3-year interest only initial payment period and want a subsequent repayment tenure of 15 years then your final tenure will increase to 18 years.

More... (https://economictimes.indiatimes.com/wealth/borrow/how-does-interest-only-home-loan-work-should-you-opt-for-it/articleshow/89780426.cms)