Home loans demand stable defying RBI rate hike trends, thanks to monsoon

[Felaket]

Home loans demand stable defying RBI rate hike trends, thanks to monsoon RBI has hiked the policy repo rate by 1.4% in the last three monetary policies, taking the rate to 5.4%. In a rate hike scenario, the cost of funds also rises for banks, and hence they pass on the impact to borrowers by raising their lending rates.