RBI increased Repo rate by 50 Basis points yesterday.
Which means your % of loan must have increased atleast 1.5%
. It means your EMI has gone up by *
11%*
or your *Tenure must have gone up* Check.
In my view, *My personal belief too*, As always, Investing comes later.
*If you are really smart, prepay your Home Loan with no hesitation if you have surplus*. Always Remember *your Home loan EMI is constant & Not your investment returns*
N. Vijay Kumar financial planner vbuildwealth.com
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