RBI cuts repo rate by 0.25% affecting loan EMIs
pre-market1 source ↓written by the desknot a recommendation
- EMI drops
- ₹22,000 to ₹21,696
The Reserve Bank of India has reduced the repo rate by 0.25%, marking the first cut in nearly five years. This will lower interest rates on various loans, including home, car, and personal loans, making them more affordable.
• For a ₹25,00,000 home loan over 20 years, the EMI drops from ₹22,000 to ₹21,696.
This reduction will benefit both new and existing borrowers, potentially boosting consumer spending and market sentiment.
Not investment advice. For informational purposes only.