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Is demonetisation going to affect the loan interest rates?- Property Hotline
Posted
December 2, 2016
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62
December 2, 2016
62
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3:45Now PlayingExpert: Kartik Jhaveri, Director, Transcend Consulting (India) Private Limited.
Question: I am planning to buy a house that costs around Rs 26 lakh. I have an annual salary of Rs 2.5 lakh. How much amount of loan am I eligible for? Is demonetisation going to affect the loan interest rates?
Answer: Demonetisation will positively and definitely affect your home loan interest rates. To your benefit it will go downwards. Because there is lot of money in bank your interest rates will go down. With the income of Rs 2. 5 lakh, you will be able get Rs 12 lakh as a loan. You will have to borrow rest of the money from other source.
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