Check total cost, not just home loan rate

Buyers should weigh Tata Housing-Indiabulls Housing Finance offer against others where they can negotiate on home price and loan rate separately

Tata Housing has partnered with Indiabulls Housing Finance to offer home loans at 3.99 per cent in the 11 ongoing projects of the former. (Currently the lowest home loan rate available is 8.25 per cent by Dena Bank). This special rate will apply for five years after which the prevailing home loan rate will kick in. Indiabulls Housing Finance currently charges 8.35 per cent and above on its home loans. Prospective home loan borrowers need to weigh the pros and cons of this scheme before opting for it.   
 
Owing to the slowdown in the housing market, developers and housing