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

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

Why is my loan provider not fully transferring the repo rate cut benefit to me?

Why is my loan provider not fully transferring the repo rate cut benefit to me?

What is benchmark for home loan interest rates and why is my loan provider not fully transferring repo rate cut benefit to me?  I have heard that whenever the RBI repo rate increases or decreases, the same happens to our existing floating rate. When I asked my loan provider, they replied that whenever the rate … Read more