Some realty developers are offering low-interest housing loans, but before availing of one, you need to watch out for its advantages and disadvantages. Of late, some realty developers, such as Lodha group and Tata Housing, are offering low-interest housing loan schemes. While Lodha group has locked interest rates at 6.99 per cent till 2024, Tata Housing offers to cap housing loan rates at 3.5 per cent for a year (offer valid until September 15). According to property experts, a lot of other developers and builders are also planning to come up with similar offers for buyers. Such deals are applicable for specific properties. When contacted, Tata Capital declined to comment on the story.