Defer, reschedule or switch loans if EMIs have increased: experts


The monetary policy committee of the Reserve Bank of India (RBI) raised the repo rate by 50 basis points (bps) on June 8, following a 40 basis point increase in May. According to a recent report by Knight Frank India, home loan rates are still around 150 basis points lower than 2019 levels. A return to these levels would lead to an 11.7% increase in the burden of equivalent monthly payments ( EMI) of the home buyer.


TO READ THE FULL STORY, SUBSCRIBE NOW FOR JUST RS 249 PER MONTH.

SUBSCRIBE TO PERSPECTIVES


What do you get on Business Standard Premium?


WHERE






Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

First published: Saturday, June 18, 2022. 12:36 a.m. IST

Comments are closed.