
Big cheer! Home loan rates head below 8% – how much will 1% RBI repo rate cut reduce your EMI or tenure? Check calculations
While the impact of the 1% repo rate cut will take time to reflect in home loan borrowers’ EMIs, the transmission is expected to be faster this time round. Home loan borrowers have a big reason to cheer! The Reserve Bank of India (RBI) has cut the repo rate by a huge 50 basis points…