Home Loan: What is Step-up EMI? Is it good or risky for the salaried class?

Step-up EMI works on the basis of a borrower’s expected rise in income over the years. Borrowers have to pay lower EMIs in the initial years of their loan tenure. However, it could be risky as the rise in income may not always keep pace with the increase in inflation and interest rates. 

Step-up EMIs are an attractive but risky option.

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