scorecardresearchA small increase in EMIs can cost you a bomb across the loan tenor

A small increase in EMIs can cost you a bomb across the loan tenor

Updated: 09 Sep 2022, 12:01 PM IST
TL;DR.
A marginal increase in the equated monthly instalment (EMI) as a result of 25 basis points increase will lead to an additional financial burden of 1.84 lakh. Read further to know more on this here.
Repo rates have risen by 140 bps in total in the past four months, precipitating an increase in EMIs

Repo rates have risen by 140 bps in total in the past four months, precipitating an increase in EMIs