The Reserve Bank of India has kept the repo rate unchanged at 5.25% in its Monetary Policy Committee (MPC) meeting from April 6 to 8, 2026. This means the loans will remain cheaper and EMIs will not increase.
If the repo rate increases, the loan interest rate increases, and customers need to pay more EMIs. If the repo rate decreases, the loan interest rate decreases, and customers need to pay less EMIs.
How much will be the EMI for Loans?
Normally, the home loan and car loan interest rate of banks is around 8%. Different banks have different interest rates for loans. The approximate EMI of various loans is as follows:
| Type | Loan Amount (Rs.) | Time | ROI | EMI |
|---|---|---|---|---|
| Car Loan | 5 lac | 5 years | 8% | ₹ 10,138.20 |
| Car Loan | 10 lac | 5 years | 8% | ₹ 20,276.39 |
| Car Loan | 20 lac | 5 years | 8% | ₹ 40,552.79 |
| Home Loan | 30 lac | 30 years | 8% | ₹ 22,012.94 |
| Home Loan | 50 lac | 30 years | 8% | ₹ 36,688.21 |
| Home Loan | 1 cr | 30 years | 8% | ₹ 73,376.46 |
If you want to calculate EMI for different tenures and at different rates of interest, then you can use our Loan EMI calculator. Click the button below to calculate EMI.
