The government gave many tax-related gifts to the middle class in Budget 2025. After this now RBI has also given good news. The Reserve Bank of India (RBI) announced a cut in the repo rate by 0.25% (25 basis points) in the Monetary Policy Committee (MPC) meeting held on 7 February 2025.

Even with a modest interest rate reduction, a borrower who takes out a loan for a home of Rs 30 lakh over 20 years saves a substantial sum of money over the course of the loan. However, if you have a property loan of Rs 30 lakh for 20 years,

A decrease in the repo rate will now prompt banks to lower their lending rates, making home loans more affordable.