After the reduction of interest rates by 0.25%, home loan customers will have two options. Either reduce your EMI or reduce the loan time period, so that the loan can be repaid soon. New Delhi: The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points (0.

The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.

RBI has reduced the repo rate by 25 basis points, providing relief to home loan borrowers. The repo rate cut could lead to lower interest rates on floating rate home loans. Further cuts this year will depend on sustained low inflation and growth concerns.

Assuming the rate kicks in from April 1 after 12 EMIs of this loan have been paid, then one can get per-lakh interest savings of Rs 3002 from the rest of the year.

India’s new central bank governor cut interest rates for the first time in almost five years on Friday to help spur a slowing economy as global risks intensify.

Mumbai’s homebuyers are set to benefit from the Reserve Bank of India’s (RBI’s) decision to cut the repo rate by 25 basis points to 6.25 per cent. Announced shortly after the Union Budget 2025, this move is expected to make home loans more affordable, encouraging greater investment in the mid and premium housing segments in the city.

In a significant step to boost economic growth, the Reserve Bank of India (RBI) has slashed the repo rate by 25 basis points (bps), reducing it from 6.5 per cent to 6.25 per cent, in its first monetary policy review of the calendar year.

With lower home loan interest rates, homebuyers will find housing more affordable, especially in the mid and premium segments.