You are here: Home » PF » News » Loans
Invest in a smart-beta fund only if you are convinced about strategy
Ladder your fixed deposits to avoid the risk of reinvestment: Experts
Business Standard

After rate hike, ask your lender to increase home loan EMI, not tenure

A 50-bps hike on a Rs 50 lakh loan of 20-year tenure would increase the EMI by Rs 1,545

Topics
Home Loan | RBI Policy | RBI

Sarbajeet K Sen 



EMIs
A person planning to take a home loan now must be extra careful about his repayment capacity

Interest rates on home are set to rise once again with the Reserve Bank of India (RBI) hiking the repo rate by 50 basis points (bps) to 5.4 per cent. After the latest hike, the repo rate has increased by 140 basis points in the current rate hike cycle.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Sat, August 06 2022. 00:43 IST

RECOMMENDED FOR YOU

.