The duration of a home loan is determined by a variety of criteria, including the needs of the borrower and their ability to repay the loan
Prevailing low home-loan rates, falling Covid-19 numbers are among major factors that boost the sector
The country's largest public lender, State Bank of India (SBI), announced home loans at interest rates as low as 6.70%.
Here are some crucial check-points for those planning to avail home loan
Money9's Sakshi Batri speaks to Rahul Oberoi to know the reasons behind the stellar performance of realty stocks and the outlook for the sector.
Most lenders in India provide home loan on a floating interest rate, while a few also offer fixed interest rate option.
HDFC home loan rates: Customers can avail of HDFC home loan starting at 6.70% pa effective 20th September 2021
As of March 2021, two-wheeler loans had a portfolio outstanding of Rs 77,900 crores, growing at a rate of 10.6 % by value and 6.3 % by volume
Borrowers need to be careful while considering taking a loan due to low interest rates. A sweet home loan deal should not be sole trigger for buying.
Home loans: The SBI offer is a first of its kind across the industry and the interest rate is the same up to Rs 75 lakh loan amount.