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Home loan borrowers

Home Loan Borrowers to face Annual Burden of Rs 6,000 crores

Wednesday, October 12th, 2011 No Comments »

Home Loan Borrowers to face Annual Burden of Rs 6,000 crores
Indian financial market is facing a slowdown in economic growth which is increasing bad loans resulting in home loan borrowers to face annual burden of Rs 6,000 crores. There is a drastic increase in Equated Monthly Installments (EMI) and this due to the rising interest rates. Meanwhile the Reserve Bank of India (RBI) has hiked key [...] Continue Reading »
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