RBI's New Credit Score Rules Uncover Path to Lower Home Loan Interest Rates, Reduce EMI Burden
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News18 Telugu•01/12/2025
RBI's New Credit Score Rules Uncover Path to Lower Home Loan Interest Rates, Reduce EMI Burden
- •RBI's new rules make it easier to get lower home loan interest rates.
- •Banks can now reduce loan spread before three years for valid reasons.
- •Customers must request a formal re-assessment for interest rate reduction.
- •Improved credit scores can lead to lower EMIs or reduced loan tenure.
- •New rules encourage timely EMI and credit card payments to boost scores.
Why it matters: You can lower your home loan EMI sooner if your credit score improves under new RBI rules.
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