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NHB: Keep a Close Watch on Rising Interest Rates on Home Loans

NHB: Keep a Close Watch on Rising Interest Rates on Home Loans
Interest rates levied by housing finance companies (HFCs) have risen to 11-11.25% from 8.5% in the past year, raising monthly instalments. With interest rates moving up, most of the lenders are going to be impacted as almost 85% of the loans are on floating (interest) rate. National Housing Bank (NHB) asked lenders to keep a [...] Continue Reading »



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