Important Update for Home Loan Borrowers

RBI maintains the status quo on the repo rate, assuring stability. Home loan EMIs update, relief to borrowers. Read More>>

Source - Moneycontrol

Borrower's Delight

Governor Shaktikanta Das's decision aids borrowers. Unchanged rates bring solace for managing debt and household expenses.

Source - Moneycontrol

Impact on EMIs

Stable repo rate echoes in home loan rates. Leading banks offer rates from 8.4-9.05%. Borrowers adapt to adjusted interest rates.

Source - Moneycontrol

Past Rate Hike Fallout

250 bps repo rate hike from May 2022 to February 2023 increased debt burdens. Borrowers experienced rising EMIs and extended loan tenures.

Source - Moneycontrol

Managing Rate Pressure

Existing borrowers urged to explore lower home loan rates. Prepayment and switching lenders can alleviate the impact.

Source - Moneycontrol

Tips for New Borrowers

New home loan seekers cautioned against hasty decisions based on policy rate changes. Long-term loans may witness multiple interest rate cycles.

Source - Moneycontrol

Depositors' Strategy

Depositors are advised to maximize returns through a laddering strategy. Explore shorter tenures and higher returns in fixed deposits.

Source - Moneycontrol