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Source: https://www.herohousingfinance.com/blog/introduction-to-property-buying/reset-clause-in-home-loan-agreement

Category: Business

Tags: reset clause, Home loan

The Reset Clause in a home loan lets lenders periodically revise your interest rate, usually every 2-4 years, to match market rates. Initially, you may have a fixed rate, which then switches to floating based on benchmarks. If rates rise, your EMI or loan tenure may increase, affecting your finances. Budgeting for this clause is crucial.

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