Homebuyers reluctant to take out loans despite low interest rates

Homebuyers reluctant to take out loans despite low interest rates

Concerns about rising floating interest rates and stringent borrowing conditions have subdued the demand for home loans among individuals and investors.
Lower lending rates stimulating demand for home loans

Lower lending rates stimulating demand for home loans

Banks competing over new lending rates under 6 per cent per year have stimulated a resurgence in demand for housing credit.
Banks cut home loan interest rates

Banks cut home loan interest rates

Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.