Q:About AhmedabadAhmedabad is the second largest cotton textile center in India after Mumbai and the largest in Gujarat. Ahmedabad is no longer just an affordable and mid-segment housing market.
Q:Hi, I want to go for 40L LIC home loan.What is the current fixed and floating interest rate for 40L in LIC ? Recently RBI has reduced basis point, will there be any change in LIC floating interest rate ? At this time, which is best , going for fixed or floating interest rate ? Any other suggestion ?Thanks and regardsSundar
Q:The Reserve Bank of India (RBI) has increased the interest rates which has become a headache for home loan borrowers/seekers. Is there any way to cope with the rise of interest rates?
Latest Answer: In recent past, the Reserve Bank of India (RBI) has increased the interest rates which is about about 14 times. Yes, the EMI rise has put many loan borrowers into dilemma. But, there's nothing to panic as you can choose some easy tricks to cope with the increasing interest rates. You can either increase the tenure of your loan or increase the EMI, so that you can easily repay the loan amount. By increasing the EMI of the loan, you can reduce the tenure if you are paying it regularly. Even the home loan can be insured which will reduce the burden during death of the loan borrower.