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Is home loan interest rates go down in Future?

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Is home loan interest rates go down in Future?

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  1. Loan Against Property

  2. Is home loan interest rates go down in Future?

  3. How have the high interest rates affected your loan disbursal? • We were apprehensive, but it hasn't come down as much as we had thought. The loan growth for housing finance companies was 18percent in the first quarter, as opposed to 19percent in the corresponding quarter last year. The reason is simple. • Housing is a basic need. If interest rates go up from 9percent to 11percent, it will result in reduced eligibility for the loan amount. • So, earlier, if you were eligible for a loan of Rs 1 crore, with increased rates, you will get Rs 70 lac. We are a new entrant and hold less than 1percent of the market share.

  4. The Indian market is fairly commoditized unlike those in Australia and Britain. • Apart from interest rates, there are only a few factors, such as Loan Against Property • amount, tenure and turnaround time for proposal, which help decide in favors of a particular lender. • There is definitely scope for newer products. • Some lenders have come up with an overdraft facility, instead of a term loan, as a financing option for a house.

  5. As for the fixed products, five years is a long time. If the tenure is short, you can go for it. • In a short span of two years, the change in interest rate is around quarter or 1percent, which is a notional loss due to the uncertainty in the market. • In the case of a product that has a fixed and long tenure, the interest rate risk is borne by the lender. Beyond a point, there is no deep market for it. • [Source: http://blogs.siliconindia.com/financeandinvestment/Is-home-loan-interest-rates-go-down-in-future-bid-yvRwOm6s5363433.html]

  6. Click to know more on Loan Against Property: https://www.hdfc.com/non-housing-loans/loan-against-property-salaried Thank You…

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