So should one go for Home loan at the current rate or wait?

A customer should understand if he is going to opt for home loan in floating rates, his rates will change in 20 years tenure, so timing in 20 years is not possible.
So if all other factors are there to opt for the Home Loan , then one shouldn’t try to time the Home Loan market, as its not possible in 20 year term.

• What one should look in a Home Loan provider
• What rate he is giving now ?
• What is benchmark rate and how it is different from others?
• What is processing fee ?
• Preclosure charges.

In current scenario one should try to keep prepayment charges at the lowest possible, so that if your bank starts charging higher you can opt for other bank without giving any prepayment charges.
So if your dream home is there, go opt for it and don’t try to time the Home loan rates market