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

New borrowers will benefit if banks cut their MCLR. Older borrowers' EMIs will change only when their reset date arrives

Sanjay Kumar Singh |Business Standard
Premium
RBI monetary policy: Will your home loan EMI fall due to rate cut?

Last Updated : Feb 10 2019 | 9:12 PM IST

Listen to This Article

After RBI’s 25-basis-point (bps) rate cut, home loan rates are expected to come down, but with a lag Many banks have already fixed their marginal cost of funds based lending rates (MCLR) for the month

First Published: Feb 08 2019 | 8:32 AM IST

Next Story