9 hard lessons for home loan borrowers from the sharp interest rate hikes

Due to unprecedented multiple repo rate hikes since May 2022 by an overall 2.5%, the interest rate on home loans have risen sharply. Many borrowers who had taken home loan at the lowest interest rate till a year ago by stretching their budget are finding it difficult to cope up with rising EMIs. Here are the 9 important lessons for the new and existing borrowers to manager their loans in a better way.

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