Pay Heed To The Markup In The Home Loan Interest Rate!
BankBazaar
APRIL 19, 2023
The Reserve Bank of India (RBI) paused the repo rate at 6.50% this month. This is a good time to calculate the difference between the repo rate and your Home Loan rate. That number is essentially the markup on your Home Loan. Interest rates have been rising in lockstep with the repo rate.
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