The home loan interest rates are set to go up from June 2022. The State Bank of India has increased its External Benchmark Lending Rate (EBLR) on home loans by 40 basis points to 7.05 percent
Important banks and housing finance companies have increased loan interest rates. HDFC has announced that it has raised its benchmark lending rate by 5 basis points, a move that will increase EMI for new and existing borrowers. One basis point is one-hundredth of one percentage point.
