Busted The general notion that higher interest rates will lead to higher EMIs is a myth If the interest rates are increased by the government then the banks also increase the tenure of the home loan to lessen the burden of the borrowers

#HomeLoanMyths:

Facebook / March 09, 2016

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#HomeLoanMyths: Busted
The general notion that higher interest rates will lead to higher EMIs is a myth. If the interest rates are increased by the government, then the banks also increase the tenure of the home loan to lessen the burden of the borrowers.