Big cheer! Home loan rates head below 8% - how much will 1% RBI repo rate cut reduce your EMI or tenure? Check calculations
Friday, 6 June 2025 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.
Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now..
Friday, 6 June 2025
![Chancellor welcomes interest rate cut [Video]](https://video.newsserve.net/300/v/20250508/1410218508-Chancellor-welcomes-interest-rate-cut.jpg)
