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

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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.
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