NRI home loan after RBI rate hike: Should borrowers increase down payment or retain overseas savings? Experts explain

Non-Resident Indians (NRIs) planning to take home loans in India may face higher Equated Monthly Installments (EMIs) due to the recent interest rate hike by the Reserve Bank of India (RBI). Experts suggest that borrowers could either increase their down payment or retain their overseas savings to mitigate the impact of higher EMIs.

However, the decision to increase the down payment or retain savings depends on individual financial circumstances and risk tolerance.