Rs 7.71 lakh savings on Rs 50 lakh home loan: Check how much you will save after RBI’s 50 bps repo rate cut

Whenever, there is a reduction in home loan interest the lender gives two options to the borrowers either to reduce the EMI by keeping the tenure unchanged or keep the same EMI by going for reduction of the tenure. A borrower will save on interest in both ways, but the quantum of saving will differ.