Transfer your Home Loan Now & Save up to Rs.10 Lakhs or more in Interest.
In Present Year, RBI has increased Repo rate by 2.25% since May-2022. Because of this, Middle class family budget has been disrupted. The repo rate has been increased a total of 5 times in this present year.
Repo Rate Changes Details
People who had taken loans before 2020 or when Rate Of Interest was close to 6.50%, they are likely to suffer more losses.
- In March- 20, Covid-19 Pandemic & Lockdown – Fluctuations in Income and Employment
- Loan Moratorium Period (If taken) – Loan Tenure Increase
- Repo rate has been increased a total of 5 times in this present year.
- In last Two and Half Year of Repayment Period – Has been paid most of Interest amount
Many Borrowers who have taken Home Loan with longer tenure of 20 to 30 Years & Most of Banks & NBFCs extend the loan tenure instead of EMI.
As per Financial Expert Says, Now not more space to extend loan tenure, already reached limitations.
Repo Rate Effect on Home Loan
As per above basic calculation, If you keep your EMI same, then you will loss up to 10 Lacks or more in just Interest amount.
Why are you losing up to 10 Lacks or more Interest in Home Loan, While you have more options available with attractive interest rate.
If your Home Loan is ongoing and you don’t know what has affected the Home Loan, then you can..
- Check online through Net Banking OR Mobile Application of the Banks / NBFCs.
- Call to Customer Care of the Banks / NBFCs.
- Visit to nearest Branch of the Banks / NBFCs.
If you have any query, Please Submit your Inquiry,
We’ll get back you Soon..
