Home loan borrowers saddled with high interest rates could now find it easier to switch to lenders who offer cheaper loans. Reserve Bank of India (RBI) asked banks and non-banking finance companies (NBFC) to clearly communicate the impact of any rate change on the EMIs and loan tenure. To understand RBI’s stance and the impact on borrowers in detail, Moneycontrol spoke to Vipul Patel, Founder, MortgageWorld, a loan consultancy firm. Listen in
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