PUNE: Almost part the possible home consumers don't take a call to shop for a home as a result of they suspect the interest rates are too high, revealed a client ballot by way of Magicbricks.
“For 45% of potential home consumers, rising interest rates for home loans remains an obstacle in purchasing their dream space,” the actual property portal stated.
The ballot additionally reflected the truth that long payback duration is a being worried issue for around 27% debtors, while, 21% feel that the tedious technique of making use of for a home mortgage is the largest downside. Only 7% debtors feel that it is simple to get a home mortgage at the moment.
Increase in the interest rate, the ballot stated, is another subject of shock for home consumers who're making plans to shop for a space right now.
This ballot flies in the face of the average perception that it has turn out to be very easy to get loans at the moment. Banks have additionally been going to the town saying that their number one center of attention at the moment is to lend retail – and residential loans tops that chart.
The banking system has a total credit remarkable of Rs 10 lakh crore to the house mortgage debtors.
“For 45% of potential home consumers, rising interest rates for home loans remains an obstacle in purchasing their dream space,” the actual property portal stated.
The ballot additionally reflected the truth that long payback duration is a being worried issue for around 27% debtors, while, 21% feel that the tedious technique of making use of for a home mortgage is the largest downside. Only 7% debtors feel that it is simple to get a home mortgage at the moment.
Increase in the interest rate, the ballot stated, is another subject of shock for home consumers who're making plans to shop for a space right now.
This ballot flies in the face of the average perception that it has turn out to be very easy to get loans at the moment. Banks have additionally been going to the town saying that their number one center of attention at the moment is to lend retail – and residential loans tops that chart.
The banking system has a total credit remarkable of Rs 10 lakh crore to the house mortgage debtors.
45% of home buyers think interest rates too high: Poll
![45% of home buyers think interest rates too high: Poll]()
Reviewed by Kailash
on
July 06, 2018
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