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The Looming Storm

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24/09/2009 02:19 PM | 

Don’t be lulled by the current low rate on home loans

State Bank of India (SBI) has announced an attractive housing loan scheme that charges you 8% per annum. While other banks say it’s a gimmick, they have also started announcing offers to match SBI’s scheme. So, the question is: Have we entered a golden period of low interest rates? “Those who have been heaving a sigh of relief over the recent fall in their borrowing costs will definitely have to brace for higher interest rates over the medium term, even as early as the third quarter of this fiscal. There is a strong possibility of a...


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