RBI repo rate cut home loan1
How Does the RBI Repo Rate Cut Help Home Loan Borrowers?
When the repo rate goes down, banks can borrow at a lower cost from the RBI. In turn, they reduce interest rates for consumers. For home loan borrowers, this means lower EMIs
RBI repo rate cut home loan1
The RBI repo rate is the interest rate at which the Reserve Bank of India lends money to commercial banks. Changes in the repo rate affect all types of loans, especially home loan