Quote:
Originally Posted by amit_2009
The govt will be taking away the tax benefit with the new tax code on interest repayment of housing loans...
Sure the govt. is doing the right thing, by making people buy with real money. Unlike in the USA where loans were available at even 3% and upto 100% of the assessed property value!
Just waiting for the Regulatory body for real estate to be formed in India...
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In USA loan are available at 3% then deposit rate also is not more the 2-2.5% or even lower than that so, loan rate linked to what your deposit yield for you if you keep your money in Bank & loan rate not be less than this rate...
So, you can not compare loan rates in US with loan rate in India or say to any country...