Home loan demand dips in December qtr as rate hikes pinch

Since May 2022, the RBI has raised its benchmark repo rate by 250 basis points (100bps = 1 percentage point) to 6. 5% — which banks have passed on to borrowers gradually. The minimum home loan rate is currently 8. 5% as compared to 6. 5% a year ago.

from Personal Finance News-Wealth-Economic Times https://ift.tt/40OPM8Q