December 9, 2008

Govt likely to restrict home loan rate. Will you consider borrowing?

BrixResearch Moderator says: In its bid to boost the realty segment, the government is pushing state-owned banks to offer interest rates on housing loans with certain riders. Media reports have quoted that home loans up to Rs20 lakh will be offered at just 7 to 8 per cent. Similarly, loan amount more than Rs20 lakh will be offered at certain definitive percentage.
 
- Will this move bring in more borrowers in the market? 
- Does this encourage you to consider a home loan? 

Share you views in the ‘comments’ section.

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