Home Loan Update: It is often seen that people resort to home loans to buy a house. With the help of a home loan, you can buy houses very easily. In such a situation, if you take a home loan of up to Rs 50 lakh (Home Loan Latest Update), then we are going to tell you through this news how much installment you will have to pay on it. Know complete information about this in the news.

Repo rate cut on this day-

The repo rate (Repo rate update) was cut by RBI in May 2020. Whereas from May 2022 to February 2023, there was an increase of up to 2.50 percent. After that, no change has been made in the repo rate for two years.

Interest rates reduced so much during three days-

RBI MPC has cut the interest rates (Home loan interest rate) after 5 years. On 7 February 2025, after a three-day meeting of RBI MPC, a cut of 0.25 percent was made. After this cut in the repo rate, it has been reduced from 6.50 percent to 6.25 percent. The last cut in the repo rate was made in May 2020. At the same time, from May 2022 to February 2023, an increase of up to 2.50 percent was made. After this, no change has been made for two years.

EMI will also be reduced-

After this cut, common people are getting a lot of relief in loan EMI. Now banks will also have to cut the interest rates of home loans. Due to this, the home loan EMI of common people will be reduced. For which they were waiting for a long time. Now the biggest question is how the home loan EMI of common people will be reduced.

These are the interest rates of SBI home loans-

For information, let us tell you that at present SBI charges the highest interest rate of 9.65 percent on home loans. Now when the interest rates have been reduced by up to 25 basis points. So the interest rate of an SBI home loan can be seen at 9.40 percent. Because of this, the data of home loan (Home loan interest rate) of 25 lakh, 40, and 50 lakh rupees has been used. Because of this, an attempt will be made to understand your EMI according to the interest rates of 9.65 percent and 9.40 percent.

This much EMI will have to be paid on a home loan of 25 lakhs-

For example, you had taken a home loan of Rs 25 lakh from SBI (SBI home loan) for 20 years at an interest rate of 9.65 percent, which is Rs 23,549 EMI. In such a situation, now the repo rate has been cut by up to 25 basis points. After this, the interest rate will come down to 9.40 percent. Now you will have to pay Rs 23,140 as EMI on this. That is, your EMI (EMI calculation) will be reduced by Rs 409.

This much EMI will have to be paid on a home loan of 40 lakhs-

For 20 years, on a home loan of Rs 40 lakhs (Home loan interest rate), you will have to pay 9.65 percent as interest rate. Currently, Rs 37,678 will have to be paid as EMI. However, after a 0.25 percent cut in the repo rate, interest will have to be paid at the rate of 9.40 percent (Home loan). On this, you will have to pay an EMI of Rs 37,024. That is, the burden of Rs 654 will be reduced from your pocket every month.

You will have to pay this much EMI on a home loan of 50 lakhs-

If you take a home loan of up to 50 lakh rupees for 20 years (EMI on 50 lakh rs. home loan), then you will have to pay a 9.65 percent interest rate on it. After which you had to pay Rs 47,097 as EMI. However, after the cut in repo rate, your loan EMI (Home loan EMI Calculation) will go up to Rs 46,281. This means that you are going to get a benefit of Rs 816.

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