Home loans are likely to be cheaper

Comments(7) Sub Category:Real estate trends,Realty News,Residential Real Estate Posted On: Apr 30, 2012

Following the Reserve Bank of India’s move to slash policy rates, the leading banks are planning to reduce the home loan rates.

Some leading banks have already cut their home loan rates for existing and new customers, while the other banks are in the process of deciding the new rates.

Higher home loan rates and rising property prices made the home buyers less interested in buying new apartments in India.

With the new move by the financial authorities, the real estate market in India is hoping for a better future.

PNB has already announced the reduction in the interest rate on housing loans.

More related stories:

Indore real estate uplifted by RBI move

Prepayment penalty charge will be waived out

Source : My digital FC

7 Responses to “Home loans are likely to be cheaper”

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