Wednesday, August 22, 2012

Interest rates on home loans to come down

With SBI having taken the lead to reduce home loan rates, and the finance minister Mr P Chindambram asking banks to reduce rates . Home loan rates are hopefully on their way down

This reduction will be quite a relief to multiple borrowers who are already getting killed with high inflation and high interest rates

If you are planning to get a home loan anytime soon, wait for a few weeks or have the understanding with the home loan provider that the rates which exist when the loan is disbursed should hold good

Interest rates will go south- wait it out

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