Big cheer! Home loan rates head below 8% - how much will 1% RBI repo rate cut reduce your EMI or tenure? Check calculations

The Reserve Bank of India (RBI) has significantly reduced the repo rate by 50 basis points, bringing the total cut to 1% since February, a move set to lower home loan EMIs. Experts suggest this could push home loan rates closer to sub-8%, benefiting borrowers.

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