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    HomeNewsBusinessHow RBI’s measures can help you save on home loan interest outgo | Simply Save

    How RBI’s measures can help you save on home loan interest outgo | Simply Save

    Home loan borrowers saddled with high interest rates could now find it easier to switch to lenders who offer cheaper loans. Reserve Bank of India (RBI) asked banks and non-banking finance companies (NBFC) to clearly communicate the impact of any rate change on the EMIs and loan tenure. To understand RBI’s stance and the impact on borrowers in detail, Moneycontrol spoke to Vipul Patel, Founder, MortgageWorld, a loan consultancy firm. Listen in

    October 20, 2023 / 10:27 IST
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      26 Aug, 2025 12:21
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      Since the August monetary policy review, the Reserve Bank of India (RBI) has announced two key steps that will benefit retail borrowers, particularly, home loan borrowers, who service longer tenure loans.

      To listen to the podcast, click above. To read the podcast conversation, scroll down.

      It asked Banks and non-banking finance companies (NBFC) should clearly communicate the impact of any rate change on the EMIs and loan tenure. Financial institutions have to give borrowers the choice to increase EMIs, extend the repayment period or opt for a combination of both.

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