IndiaInsurance
7th December 2022, 11:12 AM
https://img.etimg.com/photo/96036786.cms (https://economictimes.indiatimes.com/wealth/borrow/rbi-repo-rate-hike-pay-up-to-23-higher-emi-on-your-home-loan-than-in-april/articleshow/96036786.cms)The impact on your home loan EMI will largely depend upon the remaining tenure of the loan. Higher the remaining tenure, higher would be the percentage increase in your EMI due to the cumulative rate hike of 2.25% since May this year. If the balance tenure of the loan is small then the impact would be lesser.
More... (https://economictimes.indiatimes.com/wealth/borrow/rbi-repo-rate-hike-pay-up-to-23-higher-emi-on-your-home-loan-than-in-april/articleshow/96036786.cms)
More... (https://economictimes.indiatimes.com/wealth/borrow/rbi-repo-rate-hike-pay-up-to-23-higher-emi-on-your-home-loan-than-in-april/articleshow/96036786.cms)