Interest on home loan dips further
CHENNAI: An interest rate war is brewing in the home loan segment this festive season. Development Credit Bank (DCB) and GIC Housing are offering home loans below the psychological 8% level. DCB, which recently entered the segment, is charging 7.95% for loans up to Rs 5 crore at fixed interest rate for the first year and floating rates from second year onwards.“While affordable housing is the buzzword these days, the market would get a further boost if attractive financing options are available
More: continued here
Tags: Bank, Credit, Home, interest, interest rate, Loan, loans, rates