Q: he problems for home loan buyers are increasing day by day. The calls that the rates can be tapered down has met a contrary result. The home loan rates have been revised higher, thanks to the adjustments in the repo window of the RBI. Lenders have no choice but to make alteration in the loan rates. Meanwhile, home loan seekers have issues with financial affordability. The loans of some banks have crossed double figures and inching up to 11 per cent. There are smart measures that can be taken at this time rather than shunning off the idea completely. These measures are as follows:
1. Search for the right option 2. Home Loan Interest Table 3. Keep floating rate as an option 4. You can check transfer of loan as an alternative 5. Option to adjust the EMI