The RBI Repo Rate 6.5 percent impact on loans in such a way that both the home loan rates as well as monthly installments are being unchanged; in order to ease liquidity cash reserve ratio has been provided. Further it was being mentioned by one of the former experts that the higher interest rates on to the home loans for a longer period of time would eventually cut off the customer’s spending and lead towards an economic slowdown.
RBI repo rate at 6.5% impacts home loans; interest rates range from 8.25%-9.50%. Lower rates boost PMAY affordability for homebuyers. Explore more with India Property Dekho.