Wednesday, October 5, 2022

20-year home loans are now 24 years long. Here's how

Home loan rates have risen sharply in the past fi ve months, from 6.5% to 8.25%. A 20-year home loan taken in 2019 at 6.7% will get repaid in 21 years, even though EMIs have been paid for three years.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/20-year-home-loans-are-now-24-years-long-heres-how/articleshow/94668101.cms

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