Home loan interest rates to edge higher after repo rate hike
This is the third consecutive rate hike and finally marks the end of the all-time best low-interest rates regime, says Anuj Puri of Anarock.
This is the third consecutive rate hike and finally marks the end of the all-time best low-interest rates regime, says Anuj Puri of Anarock.
HDFC Bank raises MCLRs by 35 bps across all tenors; ICICI Bank says EBLRs hiked by 50 bps to 8.60% per annum from June 8.
The rate hike will push up home loan interest rates, which had already started going up after the surprise monetary policy announcement last month.
The auto dealers' lobby warns that high interest rates for vehicle loans will be an additional blow for the two-wheeler segment.