No further extension of home loan tenure for many if RBI hikes repo rate again

Even if the Reserve Bank of India increases the repo rate by 25-35 basis points in the Monetary Policy Committee (MPC) meeting on December 5-7, 2022 and the bank eventually passes it on to home loan borrowers, the home loan EMIs will immediately rise as most banks do not have the option to extend the loan tenure anymore, mentioned experts

from Personal Finance News-Wealth-Economic Times https://ift.tt/3ok96M5