NEWS & ADVICE : HOME LOANS
Home loan rates set to fall, after reduction in repo rate
By Joseph Samson
Jan 16, 2015
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The reduction of rate of RBI has brought the cheer to the customers, since the home loans rates are set to fall. RBI has reduced the repo rate buy 0.25%. The RBI has reduced the rate by 0.25%. The RBI has made this decision prior to the monetary policy to be declared in February, 2015.

After two years RBI has dropped the key rates. Other banks are expected to follow the trend and bring their rates down. Chairman of HDFC bank stated that bank will bring down the rate changes by next month.


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