Banks offer lower rates to lure customers
If you want a home loan, this may be a good time. Banks and financial institutions are offering lower interest rates and discounts to lure new customers into the market. Informally, the lending rate for floating loans has come down to 11 per cent from 11.5 per cent in the last five months, but this is extended to people with good credit profiles. 80-85 per cent of demand is now in the form of floating rate loans.
