Borrowers cautious on new home loans
Mint Mumbai|April 03, 2023
The home loan market is showing signs of a slowdown after the central bank’s steep repo rate hikes have caused potential borrowers to be cautious and made repayment harder for existing customers.
Gopika Gopakumar & Shayan Ghosh
Borrowers cautious on new home loans

Bankers and market experts said the March quarter has been slower than before, as rising interest rates made potential borrowers wary. The Reserve Bank of India (RBI) has raised its repo rate-the benchmark for most home loans taken since October 2019 - by 250 basis points (bps) since May last year to quell rising prices.

The regulator is expected to raise rates by another 25 bps when its rate-setting committee meets later this week, which would make loans pricier.

"Customers are anxious about the rate increase and are postponing their decision to buy new homes," a public sector bank official said on condition of anonymity.

この記事は Mint Mumbai の April 03, 2023 版に掲載されています。

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この記事は Mint Mumbai の April 03, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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