Are Home Loan EMI's Turning Into A Debt Trap?|What is the 'Hidden Cost' Of Loan?|Beyond The Headline
Автор: MIRROR NOW
Загружено: 2023-03-22
Просмотров: 1712
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In this episode of Beyond the Headlines with the Host Tamanna Inamdar, we'll discuss the recent issue of home loans and EMIs turning into a debt trap. On this issue, the different panelists discuss and share their views. "Borrowers who have taken home loans at a fixed rate of interest won't be impacted", says Ramesh Singh, Former Executive Director, Dena Bank. The Lenders Increase home loan Tenures to Offset Higher Interest rates. The banks start deducting only interest during rate hikes, the principal remains the same. Consumers can contact their bank to increase their EMIs rather than their tenure.
For more details on this keep watching the videos on Mirror Now.
#bank #loans #homeloan #finance #mirrornow #beyondtheheadline #englishnews
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