High Time to Loan a Home

By Petra Amelia on October 19th, 2007

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It is high time to buy your dream home, many loan companies are now offering home loan on low interest rate by 0.5 to 1 percent. Even HDFC bank has reduced its floating rates on home loans by 0.5% to 10.5% p.a. and SBI is also offering floating rates on homes at 10.5% as against its previous rate at 11.25% for loans up to Rs 20 lakh. But if you want to get a loan more than Rs 20 lakh, you will be charged a higher rate at 10.75%. HDFC has cut down its floating rate to 10.5% from 11%.

Read this entire article on economictimes.indiatimes.com

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