Grab it – Lowest Home Loan Rates | Good Time builders

Posted by Nikhil Reddy on February 11th, 2021

As goes the saying ‘There is no place like home’ & ‘Home isn’t a place, it’s a feeling’- How true it is!! All of us agree to this after spending a long period in our homes during the lockdown. A home is a feeling and it gives a sense of ownership.

 1. Grievances of 2020 : Life had taken us to the phase of demolition during 2020. The devastation had almost reached the zenith. It was the black phase of life which had a lot of grievances. It was this moment that had pulled out the urge of owning a home. Till then, a major working sector supported rental houses as they were able to lead an upscale life without having any responsibility on their shoulders. Social distancing was out of site in shared apartments. This was the time when people realized the importance of own home and yearned to have one.

 2. Lowest Home Loan Rates : As home loan interests are the lowest with most banks offering below 7% , the chances of further correction are very narrow. This is the best time to grab the offer and fulfill the dream of owning a house. Most Banks have brought down home loan interest to 7% but there are a few who are currently offering home loan at 6% interest also. Real estate sector has started reaping rewards due to the various steps taken by the government and low home-loan interest rates offered by the banks.

 3. Repo Rate to continue low :  As green shoots of recovery are evident after a long term of pandemic turmoil, RBI decided on 4th December 2020, to leave the repo rate unchanged at 4% though inflation and economic contraction is still prevailing. This was done to support the consumers who are really keen in buying a house. The loan offered to the customers has lesser interest thus decreasing the EMI on home loans. As this is a good opportunity to take home loan at the lowest rates, one should really grab the offer before it is too late.

 4. Hit the Iron When it is Hot : Opportunities rarely knock at the door but when it knocks you should be the first one to welcome it and make use of it. The lowest interest rates are expected to continue for another six to twelve months and this is the best time to hit the iron when it is hot. One should utilize this moment as this is the best home buying opportunity that had come after many years. The lowest interest period will continue for few more months giving the potential home buyers an elegant chance to own a house. The home loan rates have been the lowest with the help of the government and some of the developers have also been offering incentives to lure the buyers. 

 5. Best Time To Grab  : Conversely, there was a ray of hope in the gloomy atmosphere for those who were yearning to own a home. As a supporting initiative by the government, Home loan interest rates have touched a historical low. RBI’s revised monetary policy to boost economic growth in the country also helped the real estate sector to revive. It gave a chance to people to own a home at lowest home loan rates. Grab it at the earliest and own a home of your dreams. Amidst all the darkness, there appeared a ray of hope for those who really wished to own a home. It is once in a life time moment for the aspiring home buyers. Owning a home is a biggest financial commitment and in the present scenario where the home loan interest rates are at the lowest, this is primarily the buyer’s market. A low interest rate will reduce the interest paid on the loan as well as the monthly EMI load. This is the best time to grab the chance of owning a house. An own house is a matter of pride. It gives a sense of safety and security to the entire family. This type of security can only be provided by investing in real estate.