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what could the home loan / mortgage rates be like in india in the year 2022 – 2023 ?
currently (as of June 30 , 2020 ) the home loan rates in india are in the range of 8 – 9 percent per year .
due to the covid 19 crisis and the loss of jobs in the last 4 – 5 months , this could easily be around 4 – 5 percent in the year 2022 – 2023
so , home sales slowing down , we think that banks will reduce the loan rates for cars and homes as well .
so , if you are lucky enough not to have bought a home already , there could be a huge bonanza coming your way – homes at almost construction cost , with almost half the 2020’s home loan / mortgage rates …