After Rates Rise, Ask Your Lender to Increase the Home Loan’s EMI, Not the Term

A 50 basis point hike on a Rs 50 lakh loan with a 20-year term would raise the EMI by Rs 1,545

Topics
Real estate loan | RBI Policy | RBI


Interest rates on home loans are expected to rise again, with the Reserve Bank of India (RBI) raising the repo rate by 50 basis points (bps) to 5.4%. After the last hike, the repo rate has risen 140 basis points in the current rate hike cycle.


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First published: Saturday 06 August 2022. 00:43 IST

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