RBI cuts repo rate, home loan EMIs to decrease
pre-market1 source ↓written by the desknot a recommendation
- repo rate
- 25 basis points
- 5.25%
- loan
- ₹50 lakh
- EMI drops
- ₹775
- loan
- ₹75 lakh
The Reserve Bank of India has cut the repo rate by 25 basis points to 5.25%, benefiting home loan borrowers. This reduction will lower EMIs significantly: for a ₹50 lakh loan, the EMI drops by ₹775, while for a ₹75 lakh loan, it decreases by ₹1,162. Over the loan tenure, this translates to savings of ₹1.86 lakh and ₹2.79 lakh respectively. 📉
This move is expected to ease the financial burden on borrowers and may boost housing demand in the market.
Not investment advice. For informational purposes only.