The Reserve Bank of India raised Repo Rates by another 35 basis points today, in line with street expectations. But what does this rate hike mean for end users who are looking to take loans? If you have home loans, car loans or just about any other loan, you will either see your EMIs increase or your tenure increase. And the tenure can increase by up to 5 years for 20-year home loans. Hersh explains in detail how interest rates have risen in the last six months or so, and how much more people have to pay for their dream home. Tamanna Inamdar discusses the impact of rising EMIs on the general public and if it will hurt demand for cars and homes which the large section of Indians aspire to own.

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