Impact Of Bank Lending Rate Hikes
  • Elizabeth George
  • Sep 04 2013

August 26: Major banks and financial institutions have raised their base rates, effectively increasing their lending rates. What does this hike mean for your EMIs and home loans? This segment outlines the main changes made over the past few weeks and explains what you should do in such a situation. “The tenure of loans linked to the base rate is likely to increase,” Mint Money’s Monika Halan says.