Big relief for home loan borrowers as EMIs to fall by 1.8% on a 20 year loan tenure as RBI reduced repo rate by 25 bps
home loan borrowers RBI has finally reduced the repo rate by 25 basis points in its monetary policy meeting on February 7, 2025. This cut comes after almost after a gap of 5 years during which the home loan borrowers only saw either rates being hiked or being stagnant. After RBI repo rate cut, home loan lenders are expected to reduce their interest rate on floating rate home loans. We tell you if you can expect further repo rate cut this year and how best you can utilize the current interest rate cut.
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Retail inflation continues to remain high
Retail inflation has been the biggest focus area for RBI as the central bank has a mandate to keep it around 4%. Though the retail inflation as come down significantly however it may take some more time to bring it to durably within the RBI’s comfort zone.
Also read | Big relief for home loan borrowers as EMIs to fall by 3.5% on a 20 year loan tenure as RBI reduced repo rate by 25 bps
“CPI inflation for FY26 is projected at 4%, with January likely below 4.5%. December inflation eased to 5.22%, marking four consecutive months above 5%. Food inflation dropped to 8.4% from 9% in November,” says Bajaj Broking Research.
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