Since 2019, India’s housing credits have been associated with the repo rate of the Reserve Bank of India. While the repo rate was fixed at 4% in 2020, the most significant advantage for borrowers is the transparency of interest rates. They can now acquire the best home loan available in the market by comparing the offerings of different lenders. A reduction in the repo rate is beneficial for floating interest rates. However, there are various other factors that lenders evaluate. Awareness regarding the same will allow borrowers to avail the…
Read MoreTop 5 Factors that Influence your Home Loan Interest Rate
