Impact of Rising Interest Rates on Home Loans in India
In today’s world The customer wants to buy the house of their family or individual safety planning to secure their future. But the scenario is that the inflation is highly impact on their purchasing power so the user wants to buy a home from the home loans. Some few criteria which is impact of rising interest rate on homes in India: - Affordability- The user thinks about how to afford for their house through home loans but the rising home loans impact on their choices. The affordability can come if the buying power of user is high Decreases in demand- The decreases in demand due to rising home loans also impact on it whereas the buying power of consumers are high then then impact on opposite of it. Sell homes with more difficulty- The sell of homes with more difficulty with the rising interest rates on home loans in India. People do not engage themselves to sell the homes. Reduced home sales- When the rising interest rates on homes loans In India then the reduced of home or w