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Home Loan Calculation: RBI ने घटाया Repo Rate, 50 लाख के Home Loan पर कितनी होगी EMI? | GoodReturns
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2/7/2025
Home Loan Calculation: RBI reduced the repo rate, how much will be the EMI on home loan of Rs 50 lakh? GoodReturns
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00:00
On February 1, the common people got a big gift of tax relief in the Peshawar Common Budget.
00:06
After that, now the common people have been given a gift by taking a big decision to reduce the burden of loans.
00:12
This was the first policy in the leadership of the new governor of the Indian Reserve Bank, Sanjay Malhotra,
00:16
when he gave a lot of relief by cutting the country in the repo rate.
00:20
The RBI has announced a cut of 25 basis points in the repo rate,
00:23
which has now reduced the repo rate from 6.50% to 6.25%.
00:29
With the cut in the repo, all types of loans will become cheaper,
00:32
especially those who take home loans will get a lot of relief.
00:35
Before the cut in the repo rate, RBI Governor Sanjay Malhotra said that
00:39
this decision has been taken considering the economic situation and the global situation.
00:43
The country's economy is strong and the Central Bank is constantly trying to keep it stable.
00:48
So let's tell you in this video in full calculation detail that
00:51
after cutting interest by the RBI, what will be your EMI?
00:56
If you have taken a home loan of Rs. 20 lakh, then the interest of the loan is 8.5%.
01:02
If the tenure is for 20 years, then your EMI will be Rs. 17,356.
01:08
But after the cut of 25 basis points of RBI, the interest of the loan will be 8.25%.
01:14
On this basis, your EMI will be reduced to Rs. 17,041.
01:19
That is, you will be able to save Rs. 315 every month.
01:22
Similarly, if you have taken a loan of Rs. 30 lakh for 20 years at an interest rate of 8.50%,
01:28
then you will have to pay Rs. 26,035 every month.
01:33
But after reducing 25 basis points in the repo rate by the RBI,
01:37
this monthly EMI will be reduced to Rs. 25,562.
01:41
Accordingly, you will save Rs. 473 every month.
01:45
If someone has taken a home loan of Rs. 50 lakh for 20 years at an interest rate of 8.50%,
01:51
then he will have to pay Rs. 43,391 every month.
01:55
But after reducing 25 basis points in the repo rate, this monthly EMI will be reduced to Rs. 42,603.
02:01
That is, you will be able to save Rs. 788 every month.
02:04
You can see the calculation formula of EMI on the screen.
02:07
In which P means loan amount, N means the tenure of the loan in months, and R means monthly interest rate.
02:14
According to this formula, the interest on the loan i.e. the calculation of R is done per month.
02:22
Last time, RBI increased the repo rate by 6.50% in May 2020.
02:27
That is, it has been going on the repo rate for 5 years now.
02:31
If we talk about the change, then in February 2023, the repo rate was increased to 6.50%.
02:36
After that, there was no change in the repo rate.
02:39
Meanwhile, SBI's Managing Director Rashmini Kumar said that the gift of EMI will be received.
02:44
Those who take home loan from SBI will soon get news of EMI from the bank.
02:49
He said that the decision of EMI is being taken in the interest rate of the bank.
02:53
So that's all for this video.
02:54
How did you like the information?
02:55
Tell us by commenting.
02:56
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02:59
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1:48
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