Banks raise home loan rates after RBI repo rate hike; switching loans has hidden costs
FROM THE WIRE · LIVEMINT.COM
Following the RBI repo rate hike and banks’ lending rate revisions, home loan borrowers may look to secure lower interest rates with their existing lender. However, switching to a cheaper loan may come with hidden charges. Here’s what borrowers should consider before making a…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe RBI repo rate hike raises borrowing costs and weighs on Indian credit and market sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The RBI has raised the repo rate.
- 02Banks have revised home loan rates upward.
- 03Switching to a cheaper loan may come with hidden charges.