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Inflation Angst Hits Home
Business Today India
|September 04, 2022
The recent repo rate hike by the RBI will bump up home loan EMIs again, bringing more pain for borrowers
GET READY TO pay more for your dream home. Following a repo rate hike of 50 basis points (bps) by the Reserve Bank of India (RBI) at its recent monetary policy meeting, banks have started passing on the burden to home loan borrowers. Lenders such as ICICI Bank, Bank of Baroda and Canara Bank have already increased interest rates on their home loans, while others are expected to follow suit.
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