While there are no signs of the boom ending in the auto loan space, questions are arising as to when the higher cost of lending will start to play catch up.
Sanjay Chamria, VC & MD of Magma Fincorp Ltd in an interview on CNBC-TV18 said the cost of borrowings has been going up right from August-September onwards. Over the last seven-eight months, the overall cost has gone up by about 1.5%. He hopes that it is the end of the interest rate regime and expects it to stabilize.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
