Hi !! I have taken a flat in Today Homes, Noida. This project is approved by LICHF, AXIS, IDBI etc. I already have a approval from LICHF and have following doubts please suggest. - Which Bank should i opt for Home Loan and why? - LIC offers home loan on PLR basis, means PLR of 14.40 and discount of 3.60 so the interest rate would be 10.80 Floating Rate. My concern is as LICHF is govern by National Housing Bank and interest rates gets calculated by BPLR so i suspect when interest rate would come down they would also reduce the rate. - Or should i go with axis bank which offers rate on base rate 10 and offers interest rate of 10.75 floating. - does any one have an idea whether LICHF reduces their interest rate when it interest rate comes down.