Neha Nagar Instagram – Banks won’t like this video… but after RBI’s new rule, your home loan interest might drop again!
Let me explain 👇
In June this year, RBI reduced the repo rate by 50 basis points, which lowered EMIs — but only for those with floating-rate loans, i.e., loans where interest changes when the RBI’s repo rate changes.
But now, RBI has announced a big update that lets everyone reduce their loan interest.
Whenever you take a loan, the interest rate is made up of two parts:
IRS (Internal Reference Rate) — based on your loan repayment term
Spread — extra margin added by the bank based on your credit score
So, the better your credit score, the lower your spread and interest rate.
Earlier, banks were allowed to change this spread only once every 3 years, which meant even if your credit score improved, your EMI stayed the same.
But from 1st October, RBI has removed this restriction!
Now you can tell your bank:
👉 “My credit score has improved — please revise my interest rate.”
And if your bank refuses, you can simply transfer your loan to another bank offering a lower rate.
Over the years, this small step can save you lakhs of rupees in interest! 💰
So check your credit score today — and share this video so more people can benefit from this RBI update. 🚀 | Posted on 14/Oct/2025 18:08:48
