From The Economic Times · ET Bureau · · 50s
RBI Rate Hike Raises Home Loan EMIs
RBI rate hike increases home loan EMIs for borrowers.
In brief
RBI rate hike increases home loan EMIs for borrowers. RBI raised policy rates by 25 basis points to 5.50%, increasing home loan EMIs for borrowers. Originally reported by The Economic Times.
RBI rate hike
RBI raised policy rate by 25 basis points to 5.50%.
Home loan EMIs rise
Existing home loan borrowers may see higher monthly instalments or longer repayment periods.
Affordability concerns
Mid-segment home affordability remains under scrutiny due to higher construction costs.
Lata Pillai's view
Lata Pillai, senior MD at JLL, expects floating home rates to repriced with higher construction costs.
Further rate hikes
Further rate hikes could impact market more than a single 25 bps increase.
RBI's stance
RBI Governor Sanjay Malhotra stated rate cuts are off the table for now.
What matters most
RBI raised policy rates by 25 basis points to 5.50%, increasing home loan EMIs for borrowers.