Repo Rate Hike Impact: Demand For Affordable Housing Loan Noticeably Hit, Says SBIs Economic Research

Affordable housing is showing signs of rate-induced slowdown, according to State Bank of India’s economic research department’s (ERD) report Ecowrap. As per the report, on an average, the proportion of housing loans up to ₹30 lakhs in total loans disbursed has declined to 45% during January-February 2023 from around 60% of disbursals in June 2022 quarter.