Home loan: New RBI rules can help you save Rs 33 lakh in interest in a Rs 50-lakh loan; know how
Last Update Date: 06-10-2026
Published by The Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar said lenders have usually extended tenures so borrowers do not feel a higher EMI at once, and suggested checking that key financial goals are funded before prepaying a home loan.
More of Abhishek's views on debt and loans
The Economic Times explains new RBI rules that require lenders to offer home loan borrowers a choice between a higher EMI, a longer tenure or both when rates are reset. Using a worked example, it shows how much more interest a longer tenure can cost and discusses prepayment.
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Home loan: New RBI rules can help you save Rs 33 lakh in interest in a Rs 50-lakh loan; know how