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Home loan EMIs are likely to shoot up post RBI rate hike; here's how you can manage your payments

With an increase in home loan rates, borrowers can either increase the loan tenure to reduce the EMI burden or can make part pre-payments on their loan, to bring down the monthly instalment.  ....

Adhil Shetty , Axis Bank , Housing Development Finance Corp , Equated Monthly Instalment , Reserve Bank , Repo Linked Lending Rate , Development Finance , Cash Reserve Ratio , Consumer Price Index , Financial Benchmarks India ,