Banks and Housing Finance Companies have been raining
offers ever since RBI (Reserve Bank of India) eased CRR (Cash Reserve Ratio)
rates earlier this month & infused liquidity into the banking system.
Most banks including the NHB (National Housing Bank) have
reduced lending rates on housing loans by 0.25% to 0.50%.
The good news continues with offers such as waiver of
processing fee & pre-payment charges.
Private sector bank AXIS Bank has announced that if the
EMI payments are made on time throughout the loan duration it will offer 12
months of complete EMI waiver.
It looks like a good time for new borrowers to start
looking around for the best housing loan offers.
Choosing a floating rate is highly recommended
considering that the rates are set to soften in the coming months.
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