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Planning to take home loan? This is good time to explore fixed-rate option

Interest rates on home loans are at historic lows currently

Topics
Home Loan | Interest Rates | Reserve Bank of India

Sanjay Kumar Singh 



Home Loan
Interest rates on home loans are at historic lows currently

  • The (RBI) has slashed the repo rate by 115 basis points since the lockdown began
  • on home are at historic lows currently.
  • However, some banks have increased the spread they charge over the repo rate to arrive at the final rate.
  • They expect more to turn bad in the wake of the economic disruption caused by Covid-19.
  • When are at historic lows, borrowers should explore the fixed-rate option.

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First Published: Sun, June 07 2020. 19:53 IST

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