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Home Loan EMI Calculation: If you are also thinking of taking a home loan or you have already taken a home loan, then this news can be very useful for you. Recently RBI (RBI latest Update ...
Even when the Reserve Bank cuts rates, your loan repayments might stay the same—here’s why and how you can lower them.
Since the RBI has reduced the repo rate to 6% from 6.25%, your existing floating-rate home loan EMI may come down slightly in ...
Fixed-interest-rate loans, like personal loans will not be affected by the RBI rate cut. These are generally short-term loans and are not aligned with any external or internal benchmark. As the banks ...
Interest rates are falling, time to switch your home loan regime: Save above Rs 8 lakh by switching to EBLR; Know how ...
RBI MPC Meeting repo rate cut ... For example, a borrower with a loan amount of Rs 50 lakh will see a monthly EMI saving of Rs 1,960. However, with the 20-year tenure of a home loan, the rate cut will ...
" The MPC (Monetary Policy Committee) voted unanimously to reduce the policy repo rate by 25 basis points to 6 % per cent ...
“For loans above Rs 2 lakh, the EMI burden is significant and unaffordable for many. We have submitted a request to the RBI through NABARD, seeking leniency in repayment conditions,” the ...