The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Nation

Home loans to get cheaper as RBI cuts rates. Check details

by TLAteam February 7, 2025February 7, 2025
written by TLAteam February 7, 2025February 7, 2025
Home loans to get cheaper as RBI cuts rates. Check details

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has cut the repo rate by 25 basis points to 6.25%. The announcement, made on Friday, marks the first rate cut since May 2020 and comes under the leadership of newly appointed RBI Governor Sanjay Malhotra.

Business News

This decision means home loan interest rates will come down, bringing relief to homebuyers.

The repo rate is the rate at which the RBI lends money to commercial banks. When the repo rate is reduced, banks can borrow funds at a lower cost, which often leads to cheaper loans for customers. With this latest cut, home loan EMIs are expected to decrease, making property purchases more affordable.

Lower home loan interest rates will provide much-needed relief to homebuyers, making property purchases more affordable by reducing EMIs. This move is expected to drive demand for housing, boosting market activity and encouraging more people to invest in real estate. It also enhances confidence among both buyers and developers, leading to a stronger and more dynamic sector. Developers will benefit from easier access to funds, helping them complete projects faster and meet the rising demand,” said Manju Yagnik, Vice Chairperson of Nahar Group and Senior Vice President of NAREDCO- Maharashtra.

Before the announcement, analysts were uncertain about whether the RBI would lower the rate or keep it unchanged to manage inflation and maintain currency stability. However, with inflation appearing to be under control and economic growth remaining steady, the central bank decided to lower rates.

0 comment
previous post
TRAI Proposes 10-Digit Landline Numbers, Pushes For Caller ID Rollout
next post
WhatsApp Hack Alert: Your phone might be hacked without clicking any link. Know about the ‘Zero-Click’ spyware

You may also like

Indian Tourist Attacked by Tiger in Thailand While...

May 31, 2025

Modi Government Launches ‘1600’ Number Series to Stop...

May 31, 2025

June 2025 Bank Holidays: State-Wise List and Total...

May 31, 2025

WhatsApp to Stop Working on Some Old Phones...

May 31, 2025

Facebook Sees Spike in Harmful Content as Meta...

May 31, 2025

India’s Active COVID-19 Cases Rise to 2,710; Kerala...

May 31, 2025

Karnataka Bans Hookah Bars, Raises Tobacco Buying Age...

May 31, 2025

Baba Vanga’s 2025 Predictions: These Zodiac Signs May...

May 30, 2025

New Finance Act 2025 Removes DA Hikes and...

May 30, 2025

Historic Milestone as First Batch of Women Cadets...

May 30, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Miss Thailand Suchata Chuangsri Crowned Miss World 2025

    May 31, 2025
  • Indian Tourist Attacked by Tiger in Thailand While Taking Selfie | Watch Video

    May 31, 2025
  • Modi Government Launches ‘1600’ Number Series to Stop Fraud Calls

    May 31, 2025
  • Vibes and Values: Shalmali’s “all good?” Hits the Right Notes

    May 31, 2025
  • Two Youths Killed in Road Accident in Naranpura, Ahmedabad

    May 31, 2025
February 2025
MTWTFSS
 12
3456789
10111213141516
17181920212223
2425262728 
« Jan Mar »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.