DEPT INCREASE ON HOME ?“ Inflation is pushing up interest rates—how does this impact your home and property loan in India?” As inflation rises, the Reserve Bank of India (RBI) has responded by hiking interest rates This not only raises your monthly EMI but can also extend the tenure of your loan With longer loan tenures, the total interest paid over the life of the loan increases, meaning you’ll end up paying more on your principal amount While the rate hike aims to control inflation, it’s making home loans more expensive, and could significantly affect your budget if you’re planning to buy or refinance property Understanding this dynamic is crucial for anyone looking to navigate the changing real estate and lending landscape in India

HanumanthaRao Kurella

Siddipet•

15 hrs ago

DEPT INCREASE ON HOME ?“ Inflation is pushing up interest rates—how does this impact your home and property loan in India?” As inflation rises, the Reserve Bank of India (RBI) has responded by hiking interest rates This not only raises your monthly EMI but can also extend the tenure of your loan With longer loan tenures, the total interest paid over the life of the loan increases, meaning you’ll end up paying more on your principal amount While the rate hike aims to control inflation, it’s making home loans more expensive, and could significantly affect your budget if you’re planning to buy or refinance property Understanding this dynamic is crucial for anyone looking to navigate the changing real estate and lending landscape in India