Your loan installment is going to increase once again…RBI has increased the repo rate by 50 basis points..The repo rate has been increased for the fourth time…RBI Governor Shaktikanta Das announces RBI’s credit policy did. The repo rate has increased from 5.40 percent to 5.90 percent. This is the highest level in the last three years. With the increase in repo rate, all loans including home loans will become expensive.
