Banks to tighten home loan approvals, EMIs could rise under RBI’s new rule

Last month, the RBI’s circular urged lenders to consider borrowers’ ability to repay at the time of approval of variable rate personal or home loans.
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Borrowers with adjustable rate loans have two options.
https://www.zeebiz.com/personal-finance/news-banks-to-tighten-home-loan-approvals-emis-may-go-up-under-rbi-s-new-rule-stst-252538 Banks to tighten home loan approvals, EMIs could rise under RBI's new rule