The rate on this loan has jumped to 10.1%, which has led to the loan tenure increasing by two years - beyond his retirement date. Bipin Salaskar, a government employee, had taken a Rs 59-lakh home loan at an interest rate of 7.6% from HDFC a couple of years ago. Those who borrowed at 6.5% in April 2022, are now billed 9%, resulting in their repayment tenure extending beyond retirement.
But in the last 10 months, home loan borrowers have seen a sharp 250-basis-point (100bps = 1 percentage point) increase in interest rates. Mumbai: A year ago, lenders were wooing homebuyers with a decadal low-interest rate of 6.5%.
0 kommentar(er)
