Home loan EMIs expected to drop down
By Joseph Samson
Jan 21, 2015
Print    Email    RSS   

After the cut down in the repo rate by the apex bank, the home loan EMIs are expected to fall down. Many banks have reduced their base rate as well. The reduction of 0.25% will reduce the EMI on Rs 50 lakh home loan with tenure of 20 years i.e. approximately will reduce EMI by Rs 831 per month.

The reduction will bring a slight relief to the customers. Further it is expected that in coming 12 months the EMI can drop down by Rs 2000-3000. Over the next couple of years, EMI for a 50 lakh loan could come down by as much as Rs 8,000 per month. Auto Loans carry fixed rat so the auto loans customers have no chance to get benefitted however the other loans including personal loan, education loan will also become cheaper, as soon as the banks will start reducing their rates.

(Comments Posted : 18) Post Your Comments
1. Do you need a loan?
Do you need financial help?
Does your firm, company or industry need financial assistance?
Do you need finance to start your business?
Do you need finance to expand your business?
Do you need personal loan? email:
HSBC (Posted: Jan 15, 2017)

We offer Affordable loan at 2% interest rate available for local and international borrowers. We are certified,trustworthy, reliable, efficient, Fast and dynamic and a co-operate financier for real estate and any kinds of business financing,we offer the following:* Personal Loans * Student Loan * Business Loans * Consolidation Loan * Combination Loan* *Home Enhancement* Car Loan *Construction Loan e.t.c

Fill the application form below for further information.

Full Name:___________
State: ________
Occupation: __________
Monthly Income:___________
Loan Amount Needed ($) :__________
Amount in Words:
Loan Duration:__________
Pan Card or Voters Id No:__________

We await your responds

MR Roland Financial
Mr roland (Posted: Jul 3, 2016)
3. Our company name is zion loan company, we give out loans to interested customer that are seeking for loans to improve their life, we can assist you with any amount of loan. Minimum amount we lend is $5000. Maximum amount we lend is $20 million dollars. The annual interest rate is 3%. To get more info, Email:
Glenn (Posted: Jun 27, 2016)
Show All Comments
 Select a product:

 Select a product:

Know About Different Types of Home Loans...
Property: A good investment option to...
Hybrid loans – are they beneficial?
Choose right repayment plan for home loans
This is how a bank lends money

how can applay for DSA. any age, qalification,...
How to view my home loan account statement
how to get status of home loan

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive