Key personal finance takeaways from RBI’s monetary policy review

Home loan EMI increase

If you have a home loan with Rs 30 lakh outstanding with a balance tenure of 20 years at 7% pa interest, your EMI will go up by Rs 1,648 from Rs 23,259 to Rs 24,907. For each lakh rupee of loan, you may have to dole out Rs 55 extra for EMI.

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