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Should you take a home loan now?
Published on Wed, Jun 25, 2008 at 17:23 | Updated at Thu, Jun 26, 2008 at 15:25 | Source : Moneycontrol.com
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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WE ARE 10 !
Today's Special Column
with Ashok Gulati
International Food Policy Research Institute , Director in Asia
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