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Should you take a home loan now?

Published on Wed, Jun 25, 2008 at 17:23 |  Source : Moneycontrol.com

Updated at Thu, Jun 26, 2008 at 15:25  

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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!

 

  

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