RBI’s new rules may increase your EMIs, make it difficult to get home loans for some

New loan rules: Banks and finance companies in India may have to increase some home loan EMIs and restrict borrowers' loan eligibility due to new Reserve Bank of India's new regulations. Banks that do not currently offer fixed-rate loans may increase rates to offset risk. The rules take effect from 31 December 2023.

from Personal Finance News-Wealth-Economic Times https://ift.tt/ri3FK75