Sumit Bali, senior EVP & head – personal assets, Kotak Mahindra BankOn the home loan rate reduction bit, I think we are closer to the bottom right now. Vaijanath M.G, chief general manager, State Bank of IndiaYou should see the track record of the lender in interest rate policy. In the future, there is possibility of further cuts in home loan interest rate. There are two kinds of interest rate such as fixed rate and floating rate. Existing home loan borrowers should compare their existing interest rates with the best rates available in the market.

Source: Mint May 15, 2017 11:37 UTC