Increasing Interest Rates Impact on Home Loans | 2022
Increasing Interest Rates Impact on Home Loans | 2022
As an investment that consistently produces respectable returns, residential real estate has endured the test of time. In addition to granting house ownership, purchasing a residential property stabilizes one's investment portfolio. The asset's physical nature ensures minimal wealth loss and large returns as the property's value increases over time.
Following RBI's increases to the repo rate in 2022, home loan interest rates have increased. Cities all around have seen an increase in property prices. Home loan rates have increased as a result of the Reserve Bank of India's 190 basis point increase in the main rate.
The impact of the RBI's higher repo rate on home loan tenure is highlighted in this video.
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Apoorva Bhatnagar is an ex-banker who has close to two decades of work experience in the Banking Industry. She possesses several qualifications including B.Tech (IT) from Amity University (Lucknow), CAIIB Qualified, and MBA (Banking & Finance) from Symbiosis, Pune. Apoorva is here to educate and create awareness around financial security for the citizens of our country -India.
Time Stamps
0:00 Introduction
0:44 Home loan and interest rate previously
1:09 Why does Home Loan Tenure Increase
2:02 How to Pay Home-loan Faster
2:10 Tip 1
3:12 Tip 2
3:27 Tip 3
3:42 Outro
#homeloaninterestrate #homeloans #rbireporate