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Darshan Rao

Home Loans too expensive need action

‘From soaring interest rates to lengthy tenures. HomeLoans, have become very expensive lately.

• Home Loan: ₹50 Lakh
- Tenure: 180 months
- Interest Rate: 7%
- EMI: ₹44,941

- New Rate of interest: 10%
- New Tenure: 312 months (+132 months)
- New EMI: ₹53,730 (If tenure remains unchanged)

home loans now come at a serious cost. Feel for the common man, homeownership is now forever lost. See attached charts more  

via_LocalCircles_758DCD8F-9E5B-48FA-80CE-CBF4FBBD611F___20230319012320___.jpeg
via_LocalCircles_1588B4AE-A973-449A-BB35-915374E490EC___20230319012320___.jpeg
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View all 6 comments Below 6 comments
AMIT PANCHAL (802, Responsible Citizen)
FM should look into this, other countries offers subsidies on home loan to their citizens, but here no control on hike of interest rate, we don’t want subsidies but government should control ROI strictly, to reduce burden on citizens. more  
Padam Law
Assure that No COMMON MAN borrows money from Banks to buy property and cars, etc. Let us not fool ourselves. We want all facilities without paying for them???? more  
Suresh Adina
We need to move away from the loan culture Why are people getting sucker into loans थे cannot afford? When people start buying property which they can afford to put atleast 50% as down payment, this will rationalize. It is our fault for falling into this trap more  
Francis Kamugisha
can you posts me $560 to me here uganda direct mtn uganda 256782532405 francis kamugisha On Sunday, March 19, 2023, 03:25:12 PM GMT+3, Darshan Rao wrote: more  
Kannan Ram (IT Consultant)
Agents and Sales Executives are becoming another major bottleneck increase processing fees increase interest rates they push for insurance even if we have one they push and deduct money there is hypothecation charges one need to pay. It is complete misuse and mismanagement by banks. more  
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