I think it depends on the character of the person. If a person is willing to take risks, then you can make an attempt to take a loan. Will this risk be justified? Nobody will give guarantees.If the situation in the country soon stabilizes and this interest rate hike is temporary, then it might not be worth the risk. Unfortunately, we cannot build long-term forecasts regarding market stability and make investments at our own discretion. Probably there are people who will pay off such investments.
During this time - when there is so much inflation and people are very upset for the increased price and everything looks barish.
I am not sure if it is the right time to take such kind of step. At least i won't do it. Too risky!