Home Loan Rates Hit Record Low | The Property Show

Bank home loan rates are at a 15-year low. Kotak Mahindra, HDFC, SBI slashed their interest rates to less than 7%. This week on The Property Show, we bring to you an expert panel - Adhil Shetty, CEO of Bank Bazaar and Rahul Soota, Executive Director at MyMoneyMantra, to explain the current home loan situation and also answer some of your questions about this issue
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[@chetnamittal7200]

Thank you for the enlightening insights , Rahul Soota!! Good programme Manisha Natarajan.

[@rkt81]

Basically its artificially inflating asset prices, by qualifying people with similar income, by reducing the per lakh monthly EMI.
Thereby the next home loan buyer, takes on bigger debt to give some relief to the one who is already exhausted paying the homeloan payments due to job loss or income cut.
With the kind of irresponsible lending property market is already under water considering 2015 prices, because of the massive NPA's in the industry.
Always remember this will affect our savings rate in the push to inflate the property market, and hope the rates doesn't go further down like in west, where mortgage rates are hovering around 2% and bank savings rate are 0.1%.