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Home > Forum > Gurgaon > Home Loan > Now that RBI has slashed the repo rates , how much will my EMI be?

Now that RBI has slashed the repo rates , how much will my EMI be?

Q: I have home loan with a public sector bank at an interest of 11% for a loan amount of 20 lac!

home loan
gurgaon
rbi
repo rate
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Replies (5)
1
I think have a word with the bank , they can explain much better
Nishant Pathak


2
Yea i guess with the lower principal amount with time the emi will also decrease
Shivshankar


3
which bank have to have you taken from?
Amit Raj


4
You mean EMI will come down ?
Dinesh Verma


5
RBI has progressively cut the repo rate in recent times. The current lending rate at which RBI lends to banks stands at 7.25% p.a.
Sukhwinder Kher


6

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