Term Of The Week - Interest Rate Spread
Channel: PropGuide
Date: 2016-04-15

Banks’ interest rate spread is one of the many banking jargons that we often come across. In simple words, interest rate spread is the difference between the interest rate that a bank charges on its loans to private customers and the interest rate that it pays its customers on their deposits.

As a home buyer, it is important for you to know the interest rate spread involved in the home loan you take from your bank. Watch this video to know what is interest rate spread and how it is relevant for you.