Noticeable slump in demand for affordable housing loans due to repeated repo rate hikes: SBI report
As highlighted in the research report, on average the proportion of home loans up to Rs 30 lakhs in total loans disbursed has declined to 45 per cent during Jan-Feb’23, from around 60 per cent of the total disbursals in June 2022 quarter.
As per the ERD analysis, of around 55 lakh EBLR-linked home loan accounts, about 47 lakh customers’ Rs 8-lakh crore outstanding witnessed increase in tenure, EMI or both.