Revised repo rates for Kochi's housing

Q: Hai..I heard that there has been a revision of the Repo rates by the RBI. Is it favourable or in anyway affecting the investors or loan borrowers?

David Oomen Mathews, Kochi

12th February 2015

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Replies (6)

Can I say some information about the banking related things in this regard..the latest figures from the State level Banker's Committee, Kerala, shows there has been 7.64 home loan accounts in the state as on September 30, 2014. The combined value of the loans is rs. 29594 crores.

Allen George, Kochi

21st February 2015

Comment

yes, I agree with that comment actually. The situation is that february, march and all are the end of the financial year. That is why there will be not that many demand for the housing loans. But once the beginning of the financial year will happen, there will be mortgage to maximize their tax benefits on annual financials.

Krishna gowda, Kochi

20th February 2015

Comment

Oh..this will surely be a good development in the housing sector of Kochi. But, I think that the rate cut will show only visible impacts only after a couple of months after. Especially the salaried people who are keenly watching changes in the interest rates of the housing loans.

Ganesh Nambiar, Kochi

19th February 2015

Comment

I guess that this is to increase the number of first-time mortgage borrowers. This is because of the decline in the interest rates to prompt the potential mortgage borrowers to look for loan, while there is a reduction of 0.25% in the interest rates could help the existing

Rajneesh Nambeesan, Kochi

17th February 2015

Comment

Yeah..one friend of mine who is an expert in this matter says that the RBI's repo rates cut of 25 basis points one or two weeks before and will be serving as a fillip to the automobile as well as the home mortgage markets of Kerala.

Sreekutty Nair, Kochi

13th February 2015

Comment

Hey, that is true. The central bank has brought down the bench mark interest rates to 7.75% in the Kerala's housing sector as well as the automobile markets. This is now acting as a catalyst to attracting the positive response from the housing and automobile sectors also.

Vineet David, Kochi

12th February 2015

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