abaris
6th May 2009, 19:11
Kerala apartment buyers need not be afraid of home loan interest rates anymore and can pick their dream home soon. SPAM will soon cost less in terms of interest paid. After nearly three years, the banks are reducing the rates. Some banks like HDFC Ltd. and Allahabad Bank has reduced the rates. Others banks are sure to follow the lead. The good news is that the reduction on interest rates will continue for sometime as they plan to pass on the decline in the cost of funds. The deposit rates have already come down.
Bad loans account for less than 1% of the home loan portfolio. With this, this segment is once again coming up as a nice option for bankers.
The previous steady increase in home loan interest rates have pulled home loans disbursement by 15-20% in first three months of the current year. With soaring property prices as well as loans there was an apparent slowing down in the real estate sector. However, the decline in interest rates is sure to come as a balm to many.
There has been a sharp drop in the demand for personal loans with home loans comprising of fifty percent of the total personal loan portfolio. With the inflation dropping, banks may reduce the interest rates in the next few months. It would then certainly result in an immediate pick up in demand for home loans.
Bad loans account for less than 1% of the home loan portfolio. With this, this segment is once again coming up as a nice option for bankers.
The previous steady increase in home loan interest rates have pulled home loans disbursement by 15-20% in first three months of the current year. With soaring property prices as well as loans there was an apparent slowing down in the real estate sector. However, the decline in interest rates is sure to come as a balm to many.
There has been a sharp drop in the demand for personal loans with home loans comprising of fifty percent of the total personal loan portfolio. With the inflation dropping, banks may reduce the interest rates in the next few months. It would then certainly result in an immediate pick up in demand for home loans.