Home loans will continue to remain at Lower Rates

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Home loans will continue to remain at Lower Rates
11 Feb 2022
6 min read

News Synopsis

The central bank of India has decided to keep the interest rates for banks unchanged at 4%. It will now continue to keep the home loan rates lower for some time. The decision not to raise the interest rates benefits the housing finance companies and banks that offer home loans are directly linked to the interest rates for banks as per the Reserve Bank of India mandates.

Due to no rise in interest rates the home loans rates will also remain low and the banks will keep on providing loans at current rates. Most of the banks are providing home loans at an interest rate of 6.5%

The lower rates have resulted in strong demand for housing finance companies that offer home loans. With this, the shares of housing financers companies rose on expectations of doing good business with the continuous demand. Analysts have said that this is a piece of positive news for real estate companies as there will not be any hike in home loans rates. 

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