Lower home loan rates are now easier to attain, all you have to do is buy into the clearance sales that builders are holding, reports CNBC-TV18. Do not let higher interest rates bog you down from buying the dream house you may have always wanted. Builders are coming to the rescue. Sources say that several builders in the past one month have been approaching banks to offer lower interest rates to new home loan borrowers.
The rack rate for a Rs 10 lakh 5-10 year floating rate home loan is anywhere between 9.5 to 10.5%, but banks like ICICI had tied up with builders and offered a fixed rate of 7.99% for the first three years. » Read more after the jump →