RBI rate hike shocker: Home and car loans to get dearer

Presently, interest rates are at historic lows with home loans starting from 6.5%, car loans from 7% and personal loans from 9%. Bankers say that interest rates could rise as much as 200 basis points, if inflation continues to breach the regulator’s comfort band.

from Banking/Finance-Industry-Economic Times https://ift.tt/wtHBxnC