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Housing Loan Interest Rates likely to come down

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As per to the sources saying @ the www.propertykhazana.com, some of the banks have declined their prime lending rate (PLR) to the range, as the RBI has cut the prices. So, inquisitors anticipate housing loan rates will drop as more lucidity appears on the issue. Govt. is forcing public sector banks to decline their lending rates by decreasing their beef up. Once these banks decrease the prices, private banks are also expecting to follow same to the rivalry. Cash flow situations have not enhanced even after dicing the Cash reserve ratio (CRR), statutory lending rate (SLR) and Repo rate. FIIs are still taking out big amount of funds from the domestic markets. Some think that another rate cut by the RBI is coming up, so it will effect in least housing loan interest rates. The price rise rate has dropped and this is another gesture for the Govt. and RBI to go for a soft economic policy.
According to the sources saying at the www.propertykhazana.com, GDP growth rate is dropping owing to least demand and annulling customer outlooks. Fewer rates will arouse demand and effects in enhanced growth. So, the industry specialists are forcing Govt. and RBI to cut the interest rates. Many huge manufacturing conglomerates have proclaimed a production cut. This will lead to smaller needs of funds from companies and will have indirect impact on consumer loans, comprising housing loans. Demand for loans is declined largely owing to annulling outlooks in the global down turn. Banks are giving incentives like less interest rate to new borrowers. Some big countries are starting moves to control the loss owing to the global downturn. Relief packages and less interest rate are being proclaimed. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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