News India Live, Digital Desk: Repo Rate: Millions of us have a dream – our own home. But when we think about the high interest rates and heavy EMI of the home loan, then this dream seems to be a bit away.

But, in 2025 this picture may change. There is a hope that can bring this dream a little closer and lighten the burden of your existing loan.

This hope is associated with a major decision of the Reserve Bank (RBI).

What is this decision and how will you benefit?

Understand this in easy language. RBI has a ‘master-switch’, which Repo rate They say. When the RBI ‘bottom’ this switch, it becomes cheaper for all banks (such as SBI) to take money.

And when banks get money cheaper, they give advantage of this to customers like you. outcome? The interest rates of your loan are reduced.

Which loans will get relief?

If RBI cuts the repo rate, it will directly affect these loans:

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  Home Loan: Your month’s installment (EMI) will be reduced, which will reduce the burden on your pocket.

  
  


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  Top-up loan: If you want to take more money on your current home loan, then it will also be cheaper.

  
  


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  Car Loan and Personal Loan: The interest rates can also be reduced on these loans.

  
  

So is it sure?

Economy experts and experts are hoping that after overcoming rising inflation, RBI may begin to cut interest rates in 2025. This decision will be taken by looking at the economic situation of the country.

But, this hope is a great relief news for millions of people who want to either want to build their dream home, or are burdened with their existing loans. This can be such a good news that brings more happiness in your home and life in the new year.

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