Defer, reschedule or change loans when EMIs rise: Consultants

The Financial Coverage Committee of the Reserve Financial institution of India (RBI) elevated the repo fee by 50 foundation factors (bps) on June 8, after a 40-basis-point hike in Might. In keeping with a latest Knight Frank India report, house mortgage charges are nonetheless round 150 bps under 2019 ranges. Going again to these ranges would enhance the equated month-to-month installment (EMI) load of the homebuyer by 11.7 per cent.

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First printed: Sat, 18 June 2022. 00:36 IST

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