INTERVIEW QUESTIONS LOAN HOME LOAN DETAILS

Question: Does one need to time home loan applications keeping in view with RBI repo rate announcements?

Answer: Home loan being a long term instrument there is only a limited amount of planning you can do while requesting for your loan. Interest rates will most probably vary over the tenure of your loan anyway. Also if you apply for a loan and during the loan processing time there is a rate cut announcement, you will get benefit of the rate cut provided loan has not been disbursed.

Home loan being a long term instrument there is only a limited amount of planning you can do while requesting for your loan. Interest rates will most probably vary over the tenure of your loan anyway. Also if you apply for a loan and during the loan processing time there is a rate cut announcement, you will get benefit of the rate cut provided loan has not been disbursed. Source: CoolInterview.com

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