Live Breaking News & Updates on Floating Rate Home Loan

Stay updated with breaking news from Floating rate home loan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

These home loan borrowers to get option to change home loan tenure, EMI or move to fixed rate at the time of loan reset: RBI

The central bank has also asked the banks and NBFCs to provide those borrowers an option to increase Equated Monthly Instalment (EMIs) or tenure or prepay the full amount or a part of it at any point during the tenure. This move is likely to provide relief to floating-rate borrowers of home, auto, and other loans reeling under the impact of high interest rates. ....

National Housing Bank , Reserve Bank , Annual Percentage Rate , External Benchmark Lending Rate , Banking Regulation Act , India Act , National Housing Bank Act , Home Loan Interest Rates , Home Loan Borrowers , Floating Rate Home Loan , Fixed Rate Home Loan ,

home loan emi: Resetting of floating rate home loan EMIs to get more transparent, option to switch to fixed rate soon: RBI

RBI asks banks to be more transparent in resetting of interest and EMIs of floating rate home loans under external benchmark based lending rate. The banking regulator has also asked the banks to offer the borrowers an option to switch to floating rate. The banking regulator has also asked the banks to be refrain from changing the tenure unreasonably without borrower s consent. ....

Regulated Entities , Reserve Bank , Home Loan Emi , Rbi Mpc , Eblr Home Loan , Interest Rate Reset , Floating Rate Home Loan ,