Can you manage higher home loan EMIs after the interest rate increase? Yes you can! Find out how

V. Swaminathan, Executive Chairman of Andromeda and, which are in the business of loan distribution, says, “The cost of borrowing will increase, pushing banks and other financial institutions to increase their lending rates, making EMIs costlier. People opting for home loans should be very cautious and calculative in times such as these.” SBI, ICICI Bank and HDFC have already increased their home loan interest rates; others will follow.