Cheaper cost of borrowing

Indian banks have reduced rates on home loans by as much as 150 to 200 basis points in the last year alone.

Plunging rates

The cut has been steeper this year, with the central bank reducing the benchmark repo rate by as much as 115 basis points and most banks linking their interest rates to the repo rate.

Luring home buyers

Most top banks are offering concessional rates on home loans in the festive season besides waiver in processing fee to lure home buyers.

Competitive rates

Let's take a look at the steep fall in interest rates on home loans for salaried borrowers in the last one year.

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