Impact of RBI's repo rate decision on home loan EMIs
Since the RBI has decided to maintain the repo rate at 5.25%, there will likely be no immediate shift in interest rates for home loans or other credit products, especially for those on floating-rate plans. Fixed-rate home loans will also stay the same. That said, if your loan is tied to internal benchmarks like the Marginal Cost of Funds-Based Lending Rate (MCLR), banks might still choose to adjust your interest rates.
by shortkt.com✓