RBI Rate Hike: How home loan EMIs under EBLR, MCLR, base rate, BPLR will be impacted, what borrowers should do now
“The rate hike of 25 bps today will make EMIs expensive by approx 2-4%. Borrowers will either have to shell out extra money to repay their loans or will have to extend the tenure,” says V Swaminathan, Executive Chairman, Andromeda Sales and Apnapaisa.com, India’s largest loan distributors.
