The Looming Storm

Don’t be lulled by the current low rate on home loans

State Bank of India (SBI) has announced an attractive housing loan scheme that charges you 8% per annum. While other banks say it’s a gimmick, they have also started announcing offers to match SBI’s scheme. So, the question is: Have we entered a golden period of low interest rates? “Those who have been heaving a sigh of relief over the...

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