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Home loan rates to remain stable

Home loan rates may not be increased as of now

Apnaloan.com Research Bureau

31 Oct 2007

Home loan rates are likely to remain stable, according to bankers, following the credit policy announcement by Reserve Bank of India. RBI announced  0.5 percent rise in CRR or the cash banks need to keep with the central bank. A rise in CRR should ideally result in higher interest rates on loans. However, bankers have said there is enough liquidity in the market and they are likely to hold the interest rates on home loan at the current levels. Recently most banks have reduced home loan rates as credit growth had slowed down.