ImAnandPanchal
KF Rookie
If the repo rate falls, the loan rate will fall as well if the bank raises its commission, and the same rate applies. Is it possible?
For Example,
Loan Rate: 8.40%
Repo Rate: 6.50%
Bank Commission Rate: 1.90%
After 3 months, the repo rate falls to 5.50%
Bank Commission Rate Increase: 2.90%
My home loan rate is 8.40%
Is it possible?
For Example,
Loan Rate: 8.40%
Repo Rate: 6.50%
Bank Commission Rate: 1.90%
After 3 months, the repo rate falls to 5.50%
Bank Commission Rate Increase: 2.90%
My home loan rate is 8.40%
Is it possible?