Hi Friends,

I’m already in the process of getting a personal loan for a marriage expense in my family. The intended amount is Rs 3 lakhs and the bank offered me a very competitive rate of 12.75% per annum for the same.

In sight of the new budget released yesterday, will there any increase or decrease in the bank interest rates any time soon? Please advise if I shall go head with this loan processing or should I hold on for while so that the interest might go lower soon. I have a flexibility of 1 or 2 months only.

Appreciate any valuable suggestions of this behalf.

Thanks,

Chinthu