September 26, 2012 6:42 pm
Is it advisable to take fixed rate home loan , for example axis bank’s home loam with 11.75% interest rate?
Thanks a lot Ashal & Biswa
Dear Ananth, fixed rates should be opted when the interest rates are near bottom, say 7% or 7.5% or 8%, not at the peak which is your case. So an answer for your query is – please do not opt for fixed interest rate at this point.
As the interest rates were high for so long its expected that it will come down significantly in comeing few months. I dont think now its preferrable to take loan at 11.75%.
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