slide

RBI on Wednesday raised interest rates by another 25 basis points. 

This is likely to have an impact on the EMIs you pay for your loans.

When RBI raises the repo rate, it is a signal to the banks that they need to increase their lending rates. 

The increase in the interest rates will directly affect your loan EMIs. 

As the interest rate goes up, the amount of money that you have to pay back each month also increases.

The impact of the increase in the repo rate on your loan EMIs may be felt immediately or it may take some time. 

The extent to which your EMIs will be affected will depend on the type of loan you have taken and the interest rate at which it was taken. 


 It is important to keep an eye on the repo rate and to be aware of the impact it can have on your loan EMIs.

Click here to know more about RBI Monetary Policy 2023

Check here for more interest rates related stories.

How does RBI interest rate hike impact your EMIs, explained

When the RBI raises its repo rate, it leads to an increase in the interest rates banks offer for loans. This will result in an increase in the EMIs for your loan. The extent of the increase in EMIs will depend on the type of loan and the interest rate it was taken at. It is important to keep an eye on the repo rate and to be aware of the effect it can have on your loan EMIs.

Your EMIs set to rise as RBI raises interest rates by another 25 basis points, explained

RBI MPC: Indian Central Bank Seen Delivering Final Rate Increase of Cycle

NFO Alert: Bajaj Allianz Life Insurance launches Bajaj Allianz Life Sustainable Equity Fund; all you need to know

Budget 2023: Amid plans afoot to expand its scope, here are key features of DigiLocker

How long should you stay invested in index funds? This is the answer

Buying a insurance in 2023? Here are 3 government sponsored schemes in India

Foreign remittances: With 20% tax collection at source, sending money abroad to pinch more; details here

Budget 2023: Is it everything we expected to be?

Budget 2023: 8 times increase in leave encashment exemption limit; details here

MF central: Manage accounts with multiple fund houses at one unified platform; Here's how

Holding a number of mutual funds in a number of AMCs is not uncommon. It is, therefore, vital to manage all accounts with ease and comfort

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around  <span class='webrupee'>₹</span>236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of  <span class='webrupee'>₹</span>119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

How does RBI interest rate hike impact your EMIs, explained

Topics to follow