Home loan EMIs set to go up as interest rates bottom out: What borrowers should do SECTIONS Home loan EMIs set to go up as interest rates bottom out: What borrowers should doBy Share Synopsis Banks and other lending institutions are giving an indication that interest rates are bottoming out. Borrowers should be extra careful now. If not managed properly, rising interest rates will play havoc with your finances, because it will result in an increase in loan tenure or EMIs. So, what are the options available for borrowers? Getty Images New home loan borrowers are not that lucky because only a few institutions offer fixed rate home loans.