Big cheer! Home loan rates head below 8% - how much will 1% RBI...

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

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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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