5 replies on this article “Floating or Fixed Home Loan”

1. Raja Mohamed says:

   April 17, 2012 at 11:52 am

   Ashal,

   Good timing with the answer, as RBI just announced cuts in loan rates 🙂

   Reply
   1. ashal jauhari says:

      April 17, 2012 at 1:16 pm

      Dear Raja, the writing was on the wall. It was only a matter of time, when RBI ‘ll bite the bullet & now finally it has. Interestingly it has done more than the expectation of the people – 50 basis point when every body was thinking only 25 basis points.

      Thanks

      Ashal

      Reply
      1. Jitendra says:

         May 8, 2012 at 6:07 pm

         Hi Ashal,

         LIC Housing is providing home loan with below Rate of interest.

         1>> Fixed for 3 years @ 10.70 %
         2>> Floating @ 10.40 %

         I got advice from friends that I should go for option 1 , i.e., Fixed, because In future interest rate will be increasing. Can you pls advice on the same,

         Thanks in advance.

         Reply
         1. ashal jauhari says:

            May 11, 2012 at 3:53 pm

            Dear Jitendra, for next 3Y term, my call ‘ll be to go for 10.4% floating rate. From here on wards, the interest rates ‘ll decline & any increase is not going to happen in near future.

            Thanks

            Ashal

            Reply
2. ashal jauhari says:

   April 16, 2012 at 3:55 pm

   Dear Jitendra, Please opt for a floating rate loan as interest rates are at peaks & from here on wards only way is down wards. Please avail SBI Max Gain Home loan for yourself. Please contact the nearest SBI branch for more details or search the forum for some prev. discussions.

   Thanks

   Ashal

   Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.