BusinessPhoto: HT BusinessManaging Home Loans Amid Rising Interest Rates
Rashi and her husband faced increased home loan costs as their interest rate rose from 6.9% to 9.25% per annum, and the loan tenure extended. They took the loan during the Covid-19 pandemic at a low rate but discovered the hike two years later without prior notice. RBI's repo rate increase from 4% to 6.5% between May 2022 and February 2023 caused this rise, impacting long-term borrowers.
HT Business·


