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Defer, reschedule or switch loan if EMIs have increased: Experts

Here are four ways to deal with a rising EMI burden, all of which will, however, require hard negotiations with the lender

loans, restructuring, recast, debt, moratorium, credit, lending, banks

If you expect a lump sum in the near future, you can request your bank to allow you to not service the entire EMI.

Bindisha Sarang
The Reserve Bank of India’s (RBI) Monetary Policy Committee hiked the repo rate by 50 basis points (bps) on June 8, after a 40-basis-point increase in May. According to a recent Knight Frank India report, home loan rates are still approximately 150 bps below 2019 levels. A reversion to those levels would result in an 11.7 per cent increase in the homebuyer’s equated monthly instalment (EMI) load.

Adhil Shetty, chief executive officer (CEO) of, says, “After the US Federal Reserve’s rate hike of 75 bps, the RBI could undertake more rate hikes. Given this situation, borrowers should list all their

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First Published: Jun 18 2022 | 12:36 AM IST

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