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1164.Increase in rate of interest on Home Loans - Impact on Borrowers
Arinjay Jain Academy
2015-07-10
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Increase in rate of interest on Home Loans
Whenever there is an increase in the rate of interest in case of floating loans, the bank has two options : -
• Increase the Equated Monthly installment payable by borrower
• Increase tenure of Loan
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