Home loan EMI of affordable houses may fall by 8-10%: KPMG

EMI on home loans is expected to come down by 8-10 percent following the RBI's move to ease norms for banks to raise long term funds for financing affordable housing projects, consultant KPMG said on Wednesday.

RBI eases ECB norms for low cost house projects

The Reserve Bank Monday relaxed ECB norms for affordable housing projects by withdrawing minimum capital requirement and lowering total experience to three years, while extending the scheme till next financial year.