With this new rule, you can lower your EMI! From 1 Oct 2025, the RBI’s new “Interest Rate on Advances” rules let banks reduce the non-credit-risk portion of your spread (that extra margin they add on top of the benchmark) What this mean for you? • If you have a floating-rate loan linked to an external benchmark, and your credit score or risk profile has improved, you can now ask your bank to revisit your spread and cut your interest rate. • The bank is also allowed to offer a switch to a fixed-r