The Reserve Bank of India’s (RBI) signal that the repo rate is not going to increase any time soon has left home loan players divided on pricing, going ahead.
Housing Development Finance Corporation (HDFC), the largest housing finance company in the country, said that the extremely competitive home loan market may see some further reduction in pricing. On the other hand, State Bank of India, the country’s largest lender, ruled out any reduction in home loan rates.
Home loan rates are perhaps at their lowest at present, mainly due to excess liquidity in the system amid the central banks’ measures