Low home loan interest rates: What to keep in mind before bottom fishing?

Low home loan interest rates: What to keep in mind before bottom fishing?
The banks flush with liquidity are tapping mortgage buyers as these loans are safe, secured and also offer potential to cross-sell multiple banking products in future
Anand Adhikari | March 15, 2021 | Updated 14:37 IST
Currently, all home loan rates are linked to an external benchmark, which is repo rates in most cases
Banks like State Bank of India, ICICI Bank, Kotak Mahindra Bank and others are offering as low as 6.65 to 6.75 per cent home loan rates. The banks flush with liquidity are tapping mortgage buyers as these loans are safe, secured and also offer potential to cross-sell multiple banking products in future. But a borrower should look at following factors before committing for a 15-20 year loan.

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