Differential rate of interest for home loans. Fair or unfair?

Magicbricks Moderator says: In its bid to boost the realty segment, many state-owned banks have announced home loans at reduced rates. After the rate cuts, SBI home loans of up to Rs 30 lakh, for tenures between 15 and 25 years, will be available at 9.5%. Loans of Rs 30 lakh to Rs 75 lakh at 10.75% and those above Rs 75 lakh at 11%. 

The government is proposing a differential rate of interest for home loans more than Rs 75 lakh. What would you call this measure?
- Fair
- Unfair

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Comments

[sharetipsinfo]

Hi,
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Regards
SHARETIPSINFO TEAM
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Regards
SHARETIPSINFO TEAM

[sharetipsinfo]

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2. Satyam comp
3. Bharti Airtel
4. Tata steel
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Regards
Regards
SHARETIPSINFO TEAM

[Breckenridge Realtor]

I'm sorry, but isn't that just too high of an rate? If homes are for living in then affordable rates should be available to home buyers. As a matter of fact, loans for first time home buyers should be low enough to help buyers with the new life of home ownership and constant repairs not destroy families for higher profit racked by bankers.

[home loans]

Regulate house prices. Houses are for living in, not profit. Stop the real estate industry and its sophisticated PR machine from interfering in the market place with its constant messages of fear and panic.