Expensive Bank Loan RBI Plan: According to reports, RBI may increase the existing 5.25 percent interest rate to 5.75 percent to 6 percent by the second half of the financial year 2026-27. This increase is expected to happen not all at once but in two or three installments of 25 basis points each.
Home Loan EMI December: If you are preparing to take a loan from the bank for house, car or any other work, then your pocket may be affected in the coming months. A recent report by Union Bank of India has estimated that the Reserve Bank of India (RBI) may start increasing interest rates again from December 2026. Due to this, EMI of home loan, car loan and personal loan can become expensive.
Interest rate may go from 5.25% to 6%
According to reports, RBI may increase the existing 5.25 percent interest rate to 5.75 percent to 6 percent by the second half of the financial year 2026-27. This increase is expected to happen not all at once but in two or three installments of 25 basis points each. This interest fear is being increased due to strong economic growth and rising inflation.
Why did so much money suddenly increase in banks?
Changes in rates are coming due to increase in excess cash in the banking system, in which according to the RBI report, FCNR-B deposits of non-resident Indians and huge foreign investments have a major contribution. This extra cash, which was Rs 4.82 lakh crore in the middle of June, has increased to Rs 8.05 lakh crore by mid-August. It is expected to increase to Rs 14.17 lakh crore by September 11.
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Rates may increase only in October?
Let us tell you that the increase in rates in the market is being estimated from December, but considering the international situation, the possibility of this happening in October also has not been completely eliminated. If the US Federal Reserve increases interest rates in September or the price of crude oil crosses $ 90 per barrel, then inflation in the country and pressure on cotton may increase significantly. In such a situation, to deal with this situation, RBI can increase the interest rates ahead of time.