Home Loan Calculation: RBI ने घटाया Repo Rate, 50 लाख के Home Loan पर कितनी होगी EMI? | GoodReturns - video Dailymotion

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Home Loan Calculation: RBI reduced the repo rate, how much will be the EMI on home loan of Rs 50 lakh? GoodReturns       #reporate #rbi #reporatecalculation #homeloan #reporatecut, #homeloancalculation #emicalculation #carloan #rbidecision #rbiemi #rbireporate #homeloanemi #interestratecalculation #reporatevsinflation #reporatecut  ~HT.97~GR.384~GR.344~ED.148~

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00:00On February 1, the common people got a big gift of tax relief in the Peshawar Common Budget.

00:06After that, now the common people have been given a gift by taking a big decision to reduce the burden of loans.

00:12This was the first policy in the leadership of the new governor of the Indian Reserve Bank, Sanjay Malhotra,

00:16when he gave a lot of relief by cutting the country in the repo rate.

00:20The RBI has announced a cut of 25 basis points in the repo rate,

00:23which has now reduced the repo rate from 6.50% to 6.25%.

00:29With the cut in the repo, all types of loans will become cheaper,

00:32especially those who take home loans will get a lot of relief.

00:35Before the cut in the repo rate, RBI Governor Sanjay Malhotra said that

00:39this decision has been taken considering the economic situation and the global situation.

00:43The country's economy is strong and the Central Bank is constantly trying to keep it stable.

00:48So let's tell you in this video in full calculation detail that

00:51after cutting interest by the RBI, what will be your EMI?

00:56If you have taken a home loan of Rs. 20 lakh, then the interest of the loan is 8.5%.

01:02If the tenure is for 20 years, then your EMI will be Rs. 17,356.

01:08But after the cut of 25 basis points of RBI, the interest of the loan will be 8.25%.

01:14On this basis, your EMI will be reduced to Rs. 17,041.

01:19That is, you will be able to save Rs. 315 every month.

01:22Similarly, if you have taken a loan of Rs. 30 lakh for 20 years at an interest rate of 8.50%,

01:28then you will have to pay Rs. 26,035 every month.

01:33But after reducing 25 basis points in the repo rate by the RBI,

01:37this monthly EMI will be reduced to Rs. 25,562.

01:41Accordingly, you will save Rs. 473 every month.

01:45If someone has taken a home loan of Rs. 50 lakh for 20 years at an interest rate of 8.50%,

01:51then he will have to pay Rs. 43,391 every month.

01:55But after reducing 25 basis points in the repo rate, this monthly EMI will be reduced to Rs. 42,603.

02:01That is, you will be able to save Rs. 788 every month.

02:04You can see the calculation formula of EMI on the screen.

02:07In which P means loan amount, N means the tenure of the loan in months, and R means monthly interest rate.

02:14According to this formula, the interest on the loan i.e. the calculation of R is done per month.

02:22Last time, RBI increased the repo rate by 6.50% in May 2020.

02:27That is, it has been going on the repo rate for 5 years now.

02:31If we talk about the change, then in February 2023, the repo rate was increased to 6.50%.

02:36After that, there was no change in the repo rate.

02:39Meanwhile, SBI's Managing Director Rashmini Kumar said that the gift of EMI will be received.

02:44Those who take home loan from SBI will soon get news of EMI from the bank.

02:49He said that the decision of EMI is being taken in the interest rate of the bank.

02:53So that's all for this video.

02:54How did you like the information?

02:55Tell us by commenting.

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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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