EMI reduction

Indian Bank, PNB, Bank of India lower repo-linked lending rates affecting home loan rates

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Indian Bank, PNB, Bank of India lower repo-linked lending rates affecting home loan rates

The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, prompting several Indian banks to adjust their repo-linked lending rates (RLLR). This move is set to benefit home loan borrowers, as banks like Indian Bank, Punjab National Bank (PNB), and Bank of India have announced reductions in their lending rates. … Read more

Can home loan rates dip below 8% with RBI reducing repo rate by 25 bps to 6%?

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Can home loan rates dip below 8% with RBI reducing repo rate by 25 bps to 6%?

The Reserve Bank of India’s Monetary Policy Committee (MPC) has announced a 25 bps reduction in repo rates to 6% from 6.25% and has also shifted its stance from ‘neutral’ to accommodative. With this, it is expected that the home loan rates might go down. So far, home loan borrowers are experiencing a positive year … Read more