Followers

Friday, August 18, 2023

After new RBI rules, home loan EMIs may rise

Borrower loan eligibility could drop while banks and finance companies will be forced to hike the EMI (equated monthly instalments) for some home loans when interest rates rise under the RBI’s new rules. Banks will henceforth have to give borrowers the option of shifting to a fixed rate loan at the time of reset of interest rates.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/K2sbQO0

No comments:

Post a Comment

Report: 93% Indian executives see rise in cyber budget next year

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...