Banks reduce home loan rates after RBI repo rate cut
after close1 source ↓written by the desknot a recommendation
- cut
- 25 basis points
- cut
- 5.25%
- now ranges
- 8.30% to 8.55%
- their rates
- 8.10%
- 7.90%
Following the Reserve Bank of India's 25 basis points cut to 5.25%, major public and private banks have lowered home loan rates. HDFC Bank's MCLR now ranges from 8.30% to 8.55%. Punjab National Bank and Bank of Baroda have also adjusted their rates to 8.10% and 7.90%, respectively, potentially boosting housing demand. 📉🏡
Not investment advice. For informational purposes only.