Home loan – fixed rate

POSTED BY Ananth ON September 26, 2012 6:42 pm COMMENTS (3)

Is it advisable to take fixed rate home loan , for example axis bank’s home loam with 11.75% interest rate?

3 replies on this article “Home loan – fixed rate”

  1. Ananth says:
    September 27, 2012 at 2:49 pm

    Thanks a lot Ashal & Biswa

    Reply
  2. Ashal Jauhari says:
    September 27, 2012 at 1:12 am

    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.

    Thanks

    Ashal

    Reply
  3. Biswa Singh says:
    September 26, 2012 at 11:25 pm

    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%.

    Reply

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