Due to the increase in RBI rates, your loan EMI will have a big impact.
The US, UK and EU have increased their similar rates.
RBI has also increased its repo rate by 0.5 percent.
Rates are expected to increase further.
If you are paying this type of loan if you are looking for education loan and home loan for studies abroad.
So your monthly EMI price will probably increase.
How long will this trend of increasing interest rates continue?
How much will be the impact on EMI due to RBI rate hike.