Home loans, car loans set to become cheaper even as RBI keeps repo rate unchanged

Borrowers paying EMIs on their floating interest rate loans have nothing to cheer about as the Reserve Bank of India (RBI) has kept the repo rate constant in its October 2020 monetary policy. However, the borrowers may expect some relief from the earlier cuts by the RBI as several banks have reduced their MCLR and repo linked lending rates in the recent past.

Read Full Story>>