Repo rate cut impact on loan takers

ET reports that Middle-class households across Delhi, Mumbai, Kolkata, Chennai and Bangalore spend around a fourth of their monthly take-home income on loan EMIs — housing, auto, durables and personal loans. And around two-thirds of these households have taken a personal loan only in the last two years. Take exposure to stock markets, for instance. Although at a national level it is a low 3% of all households, around a third of all socio-economic class (SEC) A & B metro households invest in stocks.

The Repo rate cut should come as a relief to home loan takers as the loan rates are predicted to fall. A half percentage cut will slash EMI by Rupees 35 on every lakh of loan. On the downside, getting that home loan will get tougher. Sources say that with property valuation dipping, the loan on offer has also shrunk. And that in turn has impacted the overall disbursal levels.

Comments

Anonymous said…
I have read this post. This post is a nice one that similar to loans in chennai , personal loans in chennai , home loans in chennai . That I will inform about your post to my friends and all the best for your future post..
Vishal Jaiswal said…
Very helpful blog, Get loan with lowest interest rate in Bangalore from LoanBeku Apply online!!

Popular Posts