{"id":233782,"date":"2025-02-07T09:25:39","date_gmt":"2025-02-07T09:25:39","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/07\/loan-emi-calculator-after-rbi-mpc-meet-bonanza-for-middle-class-how-much-will-you-save-with-lower-emis-new-income-tax-slabs-explained-the-times-of-india\/"},"modified":"2025-02-07T09:25:50","modified_gmt":"2025-02-07T09:25:50","slug":"loan-emi-calculator-after-rbi-mpc-meet-bonanza-for-middle-class-how-much-will-you-save-with-lower-emis-new-income-tax-slabs-explained-the-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/02\/07\/loan-emi-calculator-after-rbi-mpc-meet-bonanza-for-middle-class-how-much-will-you-save-with-lower-emis-new-income-tax-slabs-explained-the-times-of-india\/","title":{"rendered":"Loan EMI calculator after RBI MPC meet: Bonanza for middle class! How much will you save with lower EMIs + new income tax slabs? Explained – The Times of India"},"content":{"rendered":"
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Budget 2025 & RBI MPC impact: A repo rate cut is always good news for home loan borrowers, since EMIs come down. (AI image)<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

Loan EMI calculator after RBI MPC meet: Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced the Monetary Policy Committee\u2019s unanimous decision to cut the key repo rate by 25 basis points. Repo rate is the rate at which banks are able to borrow money from the RBI.
A repo rate cut is always good news for home loan borrowers, since EMIs come down. But this time around, it\u2019s a double bonanza for the middle class! With FM Nirmala Sitharaman having announced NIL income tax up to Rs 12 lakh income levels in Budget 2025, the relief in loan EMIs is the cherry on the cake.
Experts say that come April 1, 2025, middle class and common man will enjoy the twin benefits of changes in income tax slabs and rates and lower EMIs.
So how much will you save on EMIs? What does the income tax relief + lower EMIs combination mean for middle class monthly savings? And, importantly, when will your loan EMIs start coming down? We take a look:<\/p>\n

Repo rate cut: By how much will EMI come down?<\/h2>\n<\/p>\n

According to loan EMI calculations provided by BASIC Home Loan, an individual with a home loan amount of Rs 50 lakh and paying a current interest rate of 8.75% for a 30 year loan will see a reduction of around Rs 889\/- per month in the EMI. The EMI amount will go down from Rs 39,335\/- to Rs 38,446\/-<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Lender<\/strong><\/td>\nLoan Amount<\/strong><\/td>\nLoan Tenure<\/strong><\/td>\nCurrent<\/p>\n

Interest Rate<\/p>\n

<\/strong><\/td>\n

EMI<\/strong><\/td>\nNew Interest Rate ( After 25 bps cut)<\/strong><\/td>\nRevised EMI
<\/strong><\/td>\n<\/tr>\n
HDFC Bank<\/td>\n50 lakh<\/td>\n30yrs<\/td>\n8.75%<\/td>\n39335<\/td>\n8.50%<\/td>\n38446<\/td>\n<\/tr>\n
HDFC Bank<\/td>\n1 crore<\/td>\n30yrs<\/td>\n8.75%<\/td>\n78670<\/td>\n8.50%<\/td>\n76891<\/td>\n<\/tr>\n
SBI Loans<\/td>\n50 lakh<\/td>\n30yrs<\/td>\n9.55%<\/td>\n42225<\/td>\n9.30%<\/td>\n41315<\/td>\n<\/tr>\n
SBI Loans<\/td>\n1 crore<\/td>\n30yrs<\/td>\n9.55%<\/td>\n84450<\/td>\n9.30%<\/td>\n82630<\/td>\n<\/tr>\n<\/tbody>\n\n\n\n\n\n\n\n\n\n<\/table>\n<\/div>\n

Source: BASIC Home Loan<\/span><\/p>\n

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