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Have a ₹50 lakh home loan? Check how much your EMI could rise after the RBI rate hike
The Reserve Bank of India's (RBI) recent 25-basis-point repo rate hike could lead to an increase in monthly Equated Monthly Installments (EMIs) for home loan borrowers. For a ₹50 lakh home loan, the EMI could rise by ₹852 to ₹867 over 30 years, or ₹759 over 20 years, depending on the interest rate assumption.
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