Repay 20 Year Home Loans In 25 Years Now | India Development Debate

Owning a dream home can take years of EMI commitments, and with RBI hiking repo rates, interest rates on home loans have gone up from from 6.7% to 8.25% in just the last 5 months. Now, home loan borrowers could see themselves paying their EMIs for upto 5 more years. But is it not just borrowers who will face the brunt of higher interest rates? This will trickle down to slowing demand for real estate and even auto, where people take loans to own these assets. So how is one suppose to pay these loans and can one retain the original tenure despite rising rates? On the INdia Development debate, Tamanna Inamdar speaks with Boman Rustom Irani, CMD, Rustomjee Group & VP, CREDAI,Anil Rego, Founder & CEO, Right Horizons and P V Subramanyam, CEO, www. subramoney.com to find out way to help the common man navigate through the burdens of rising EMIs. Tune In!#investment #homeloans #RBI