Recently HDFC launched fixed rate interest plan @11% for a tenure of
10 years. can you guys please let me know whether I should opt for
this loan or not. Or should I go for floating rate 10.5% (RPLR- Spread
16.5-6).
I tried to google around what are the home loan interset rates for the
past 20 years but I am not able to get any information. Generally what
is average intereset rate a person pays to the bank over a period of
10 years in case of floating rate. If I can get data for 1990 to 2000
and 2000 to 2010 we can compare and then take a decision is what I
felt. Can you please help me ragarding this. If we can consider SBI
and HDFC it should be good enough.
I am trying to switch my home loan from Kotak to some other bank.