RBI has reduced the repo rate by 25 basis points, what will be the benefit to the existing home loan ?
RBI has reduced the repo rate to 6.25% from 6.5% earlier. So now what will be the advantage to the existing home loan account.
I have a home loan with sbi and 3 months back I got my interest rate reduced from 8.7 to 8.55%. and now the RBI has reduced the repo rate. So will sbi again reduce my interest rate, will I be elegible again to get the interest rate reduced. and if yes, then by how much. Also will sbi do it themselves or I will have to ask them and get it reduced again.