DEFAULT OF EMI IN HOME LOANS IS INCREASING

A LATEST REPORT HAS SHOWN SIGNIFICANT INCREASE IN THE DEFAULT/NON REPAYMENT OF EMI ON HOME LOANS.  THOUGH THE PERCENTAGE OF DEFAULTERS ARE MORE IN THE UNSECURED CREDITORS SECTOR, ESPECIALLY IN CREDIT CARD AND PERSONAL LOAN SECTOR, BUT THE HOME LOAN SECTOR IS ALSO WITNESSING THIS CHANGE.