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Took a home loan? Here is what you could do with rates rising
Consider prepaying or shifting but do the homework, as it makes sense or not, depending on where you’ve reached on the tenure. If you have mortgaged your home, true to the word's original Latin meaning, it could well end up being a pledge until death. The latest rise in the Reserve Bank of India's rates will result in banks raising their lending rates by 25-50 basis points. For the home loan