Feb 17 2010, 11:47 AM
QUOTE(AiRseaL @ Feb 17 2010, 12:39 AM)
I am buying a property and have this two housing loan package offer. My tenure is 30 years.
If can choose between BLR-2.1% and fix rate at 5.0%, which one will you choose?? And why??
Current BLR is 5.55% and can anyone predict how long it will stay low or how high it will rise soon??
Because once BLR go higher then 7.1%, fix rate loan will be attractive but if it stays low like this, then BLR-2.1 seems better.
Long term which give more interest savings?
it is a give and take situation, as nothing is perfect in this worldIf can choose between BLR-2.1% and fix rate at 5.0%, which one will you choose?? And why??
Current BLR is 5.55% and can anyone predict how long it will stay low or how high it will rise soon??
Because once BLR go higher then 7.1%, fix rate loan will be attractive but if it stays low like this, then BLR-2.1 seems better.
Long term which give more interest savings?
whether to take a fixed rate or flexible rate, very much dependent on your risk profile as well
how far blr will go, depends on how the recovery on the economy goes....
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