अब आपका लोन का EMI होगा कम जाने कैसे | Loan EMIs likely to reduce

RBI rate cut ============================ In a major boost to rate sensitive realty and auto sector, the Reserve Bank of India in its bi-monthly monetary policy today lowered the repo rate, the rate at which the central bank lends money to commercial banks, by 25 basis point to 6.25 per cent. The interest rate cut coupled with the budget sops would provide much needed respite to the borrowers irrespective of whether it is a car loan, personal loan or home loan. They had to bear the burden of higher home loan interest rates in the last one year due to rate hike. In the last one year, home loan interest rates rose by as much as 5-7 per cent as the central bank hiked its repo rates by 50 basis points during the same period.