Home loan: New RBI rules can help you save Rs 33 lakh in interest in a Rs 50-lakh loan; know how.

Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution Pvt Ltd, says, “With the RBI mandate, banks are now required to provide borrowers with clear options to increase their EMI or extend the tenure of their loan, or even do both, making it more accessible for borrowers. Banks are expected to offer this flexibility regularly, providing borrowers with greater control over their loan repayments.”