RBI repo rate hike: Pay up to 23% higher EMI on your home loan than in April

The impact on your home loan EMI will largely depend upon the remaining tenure of the loan. Higher the remaining tenure, higher would be the percentage increase in your EMI due to the cumulative rate hike of 2.25% since May this year. If the balance tenure of the loan is small then the impact would be lesser.

from Personal Finance News-Wealth-Economic Times https://ift.tt/buOW1nk