45% of home buyers think interest rates too high: Poll
PUNE: Almost half the prospective home buyers do not take a decision to buy a home because they think the interest rates are too high, revealed a consumer poll by Magicbricks.
“For 45% of prospective home buyers, rising interest rates for home loans remains an impediment in buying their dream house,” the real estate portal said.
Radiance 10301 TEJAS PANDIT-Mumbai-14 hours ago
Interest rates are certainly high, but again -- Exorbitantly expensive property prices only make debt super-expensive. I applied for INR 5 million home loan with Kotak, Baner branch, Pune. It was rejected despite my income crossing INR 1 million, and squeaky clean credit score of 816. Why was it rejected -- My employer company is of very small ticket size of Rs. 10 crore, my job stability is a problem.
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Balaji Balu1344 Balaji Balu-15 hours ago -Follow
Actually these financial institutions are fleecing money in the form of interest rates,desha seva,Desh bhakti,FRDI bill by Modi and BJP-a decision to save Fraudster favouring Banks which went bankrupt by lending Vijay Mallya,Nirav Modi like people.Modi and banks are trying to confiscate hard earned money from Indian citizens to lend it to Vijay Mallya,Nirav Modi like people.Bhakts are shameless.They don''t accept defeat of Modi.
Shanta Kumar3063 Shanta Kumar-16 hours ago -Follow
One more thing missing here is, traps in the home loan repayment conditions imposed and interest rate sudden spikes by financial institutions
Free Spirit571 Free-4 hours ago -Follow
its a new way to recover money looted by ppl like nirav modi and mallya...
Sane Voice10014 Sane-5 hours ago -Follow
It looks like people expect almost interest free loan! Let them vote for Pappu and Chindi parties.
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Vipin Valsarajan Vipin-5 hours ago -Follow
If we take a home loan we end up paying double.. For example 40lakh home loan will cost us 80lakh with interest so better stay away from loan.
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Narasarao19925 narasarao-Hyd-10 hours ago -Follow
Give them interest free loans!
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Siddharth237 Siddharth-Thane-12 hours ago -Follow
Coz loan interest rates r very high, look at other developing or developed nations. Buying a house is a necessity. Atleast goverment/banks can offer lower interest rates when someone is buying his or her first property. No doubt required verifications should be done. Anyways it should not be a problem, as most of us have linked Aadhar.