Home loan is going up now

Today, there is a news of loan rate growth. Now, rate of interest on loan will be up in the context of home loans specially. There was news before some month to decrease in interest on loan. But now it will be go up, why? What is the effective cause behind it.

About the loan rate DK Joshi said, “RBI may hike repo by 25 basis points (100 basis points equals one per cent) and CRR by 50 bps in the policy. High inflation and continued higher growth in money from a potent recipe for a tighter monetary policy.” it was published in HT.

It is known that inflation is going up always in the comparison of previous. There are no way to stop it. That is why they have decided to growth in rate of interest. Some month before when there was huge money in banks the loan rates are down.

In the context we can see now home loans will grow and along with all the loans interest rate will grow surly.