RBI's Repo Rate Hike Prompts Home Loan Burden Mitigation Advice

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Following the RBI's decision to raise the repo rate, financial experts are advising borrowers on how to manage increased home loan costs. The article suggests strategies such as making partial prepayments and opting for a shorter loan tenure to reduce the overall interest burden. It also recommends reviewing and switching to lenders offering lower interest rates to ease monthly payments. These measures are aimed at helping individuals navigate the financial impact of the central bank's monetary policy tightening.

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