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Q: Loans have become cheaper as banks shifted from the base rate to a marginal cost of funds-based rate.
Latest Answer: Yes, RBI repo rates are low thats why bank loan rates are cheaper especially it will help home buyers to build their assets and to avail property with low emi money. Bank will give the benefit of low interest rates to the clients.
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Q: This move would ensure lower lending rates for new home loan borrowers and companies with working capital loans.

Latest Answer: Yes indeed you need to have an insurance when you buy a property. But it need not be a home insurance always. You can have a term insurance instead which will have a high cover with less premium. By doing this you will cover the home loan as well as your loan amount will be covered.
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