Will the Loan Interest Rates Rise After Union Budget?

Business News This Week: Will the Loan Interest Rates Rise After Union Budget? The current fiscal is the best time for taking loans and purchasing vehicles if at all your planning for. Experts believe that the loan interest rates may go up as the RBI is scheduled to review its credit policy in April 10. The major objective of RBI would be to the cut the soaring food inflation and maintain the liquidity in the market.

According to some analysis the the cars loans and other loans would become dearer after the union budget 2010-11 and soon after the budget is presented the RBI will take care of the credit policies. RBI may bring some changes in the credit policy as per the requirement, which could have direct impact on the lending rates by the banks. Taking loans at floating would be disadvantages for the customers, while fixed rate is the best option for customers in regard to home loans.