Appetite of interest rates growing big
Home loan interest rate hike seems to have no barrier. The appetite of home loan is demanding constant hike in interest rate.
However, according to the data collected by Reserve Bank of India (RBI) and National Housing Bank (NHB) rising interest rates have not decreased the rate of home loan being borrowed.
NHB experts say that due to affordable housing, the finance for it has also increased simultaneously even with six to ten percent interest rate hike witnessed every now and then.
There are also loan borrowers who are getting constantly pressurized with home loan interest rate hike.
Source: Hindu Business Line
Affordable Housing, Constant interest hike, home loan, Home loan interest rate hike, Loan Borrowers, National Housing Bank (NHB), Reserve Bank of India (RBI)
