Interest rates looks set for a fall in the near future, should I do part prepayment of my home loan?
Not necessarily. Home loan is a loan which is taken to create a long term asset. Concentrate on retiring high cost consumer oriented loans such as vehicle loan, personal loan, if any. Also, ensure Credit Card is paid within the due date. NEVER EVER carry forward the Credit Card dues. Home Loan with a tax […]
Possible rate cuts by banks
Imminent rate cuts by banks looks a real possibility now that Governor Rajan has made it clear that the cost of funds for banks have fallen substantially. As usual banks have been rather reluctant to pass on the rate cuts to the end consumer in spite of couple of rate cuts by the RBI this […]
