Repo Rate Changes and their effect on Your EMI
14/05/2025 Financial & Legal Services
Price: Check with seller
Description
Home Loans and Loans Against Property are mortgages issued for longer tenures with a floating or fixed interest rate with a floating rate of interest, the fluctuation in the Repo Rate will be carried over to the mortgage rate. Banks operating under the EBLR (External Benchmark Lending Rate) system as propagated by the RBI must pass on the change immediately.
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