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