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About housing lone

This query is : Resolved 
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(Querist)
14 October 2008 My friend would like to buy a apartment, he applying for housing loan.
Example now interest rate is 11.5%. In future interest rate will grow, that interest rate will applicable for my loan and it’s come down it also applicable for my loan.
* At present it is right thing to buy an apartment,

would you please answer to my question

Thank & regards
VASU
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
15 October 2008 It depends upon which terms you have taken the loan-whether at fixed rate or floating rate.
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