Home / Economy & Policy / News / Will your home loan EMI come down after RBI's 25 bps rate cut?

Will your home loan EMI come down after RBI's 25 bps rate cut?

Existing borrowers' EMIs will change only when their reset date arrives. New borrowers will benefit

Tinesh Bhasin
Premium
Will your home loan EMI come down after RBI's 25 bps rate cut?

2 min read Last Updated : Jun 09 2019 | 5:31 PM IST
Follow Us

Listen to This Article

Existing borrowers’ EMIs will change only when their reset date arrives. New borrowers will benefit After RBI’s 25-basis-point (bps) rate cut, home loan rates are expected to come down. This is the third consecutive cut. Many banks have already fixed their benchmark rate – the marginal cost of funds-based lending rate (MCLR) – for the month, so revision of rates may happen only in July

First Published: Jun 09 2019 | 5:31 PM IST

Also Read

New home loan rate regime: Shift, if you are getting a much better deal

Monthly installments on car, home loans may fall marginally on RBI rate cut

Floating rate borrowers need easy portability

RBI monetary policy: Will your home loan EMI fall due to rate cut?

Aesop's fable revisited in banking sector

Yogi raps officials as NPAs of UP cooperative banks swell, recoveries drag

G20 finance ministers agree to plug tax loopholes used by Facebook, Google

RIL-BP wins first block under OALP rounds, Oil India, Vedanta bag the most

Industry blames policies, USFDA probes for 73% drop in pharma FDI

MSMEs crucial for creating jobs, income in developing countries: Goyal

Next Story