At a Glance (3-Minute Breakdown):
The October 2026 Rate Decision: The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) raised the policy repo rate by 25 basis points (bps) to 5.50%. The Standing D...
At a Glance (3-Minute Breakdown):
The Big Decision (7 October 2026): The RBI Monetary Policy Committee voted unanimously (6–0) to hike the policy repo rate by 25 bps to 5.50%, marking the first rate hike in ne...
At a Glance:
A Home Loan EMI is calculated using the reducing balance method, where each month's interest is charged strictly on the remaining principal. Over a typical 20-year home loan at 8.5% p.a., the total int...
UPDATE (7 October 2026): The RBI Monetary Policy Committee has officially announced a 25 bps repo rate hike to 5.50% and shifted its stance to "Calibrated Tightening". Read our complete post-meeting breakdown of wha...
What is Loan Eligibility?
Loan eligibility is the maximum loan amount a lender is willing to sanction you, based on your income, existing obligations, credit profile, and the lender's own risk policies. It's not a fixe...