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Lower home loan rates may not lower EMIs soon

MUMBAI: Many home loan customers are hopeful of a substantial reduction in EMIs in 2014. Karthik Srinivasan, senior vice-president and co-head, financial sector ratings, Icra, believes interest rates will head downwards in the second half of 2014.
However, many experts disagree on its timing. "Taking into account global and local factors together, it is hard to say exactly when the rates in the system will come down. There is little room for policy rate cut in the quarter ending March 2014," says K Harihar, treasury head, FirstRand Bank.

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