Hike in repo rates
RBI Hikes Repo Rates, Realty Sector Gets Affected
The Reserve Bank of India (RBI) increased the repo rates by 25 base points (bps) to 8% in order to curtail inflation. ‘Repo rates‘ are essentially the rates at which banks borrow short-term money from RBI. With the increase in interest rates for borrowing money, there are chances that home, vehicle and other loans become […]
How To Lower Your Home Loan EMI
The rise in property prices has impacted the fixed and floating rate of interest to a certain degree. As home loan interest rates rise, the housing loan eligibility rules also become tough. Today, when home loan interest rates are high everywhere, banks have the ability to increase tenure up to a certain point. Every EMI […]
