Should you take a home loan now?

wealth.moneycontrol.com did a quick poll and asked readers if they would still take a home loan, despite rising interest rates. The verdict as on June 25, 4.30 pm:

• 46 per cent would wait for the rates to fall before they borrowed.
• 8 per cent would take a loan but choose the fixed rate option.
• 23 per cent would opt for the floating rate loan.
• 23 per cent admitted to being clueless!

It's clear that RBI's recent repo rate hike of 50 basis points isn't helping those who wanted to take a home loan. But experts at wealth.moneycontrol.com provide some smart solutions.

Read on to find out!