repo rate

As RBI cuts repo rate again, will your home loan EMI go down? | Explainer | Mint

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As the Reserve Bank of India (RBI) on Wednesday cut the repo rate again by 25 basis points, home loan EMIs are expected to fall. In the past two months, RBI has cut the repo by a total of 50 basis points.  In February, RBI cut the benchmark rate from 6.5 per cent to 6.25 … Read more

Banks won’t tell you this, but a better credit score could mean a cheaper loan

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Armed with a strong credit score and a little persuasion, Ram returned to his bank and convinced them to lower his interest rate to 8.5%. That 50-basis-point drop may sound small, but it translated into savings of ₹25 lakh on his ₹1 crore loan over 25 years. Though Ram’s example is illustrative, the approach is … Read more