A higher interest rate would result in loans becoming costlier and the equated monthly instalments (EMIs) rising.
source https://www.ndtv.com/business/heres-how-to-get-cheaper-home-loan-amid-rising-interest-rates-3439623
source https://www.ndtv.com/business/heres-how-to-get-cheaper-home-loan-amid-rising-interest-rates-3439623
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