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Is This A Good Time To Opt For A Home Loan?

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Is This A Good Time To Opt For A Home Loan?

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  1. Home Loan

  2. Is This A Good Time To Opt For A Home Loan?

  3. Manish and his wife Parul, working with a media company in Bangalore have been thinking about buying their dream home. • High real estate prices and interest rates have always made their decision to take a Home Loan a difficult one. • With new projects coming up in a few desirable locations, they are keen to take the plunge, but are in a dilemma as to whether this would be the right time. • Manish and Parul are not the only ones, and almost every Home Loan applicant wants to make sure that they get the timing right.

  4. This will be available to salaried and self-employed people who earn a minimum of Rs.10,000 per month. • The maximum amount is Rs.25 lakh. The scheme is offered at an interest rate of 10.5%. • Loan EMIs will be stepped up after this period. This targets young earners who anticipate career growth and higher salaries, a few years down the line. • Financial experts believe that the long Home Loan tenure will result in a cyclic period for interest rate highs and lows, and such discounted schemes would push borrowers to make quick decisions.

  5. More interest rate cuts The repo rate has gone down from 8% to 6.5% and further rate cuts cannot be ruled out. • Finance experts are of the opinion that a rate revision is not expected till the end of this year as RBI is continuing to monitor inflation closely. • However, since floating rate loans are becoming attractive, banks might come out with lucrative fixed-rate loans as interest rates in the country keep coming down. • [Source: https://blog.bankbazaar.com/is-this-a-good-time-to-opt-for-a-home-loan/]

  6. Click to know more on Home Loan: http://www.hdfc.com/housing-loans/home-loans/for-new-homes-salaried Thank You…

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