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Below View on impact on Home Loans in-line with the MPC meeting outcome By Kaushik Mehta, Founder & CEO of RUloans Distribution Pvt. Ltd

In the latest RBI Monetary Policy Committee (MPC) meeting, the RBI has decided to keep the policy rate unchanged. Additionally, the external benchmark lending rates (EBLR) linked to the repo rate will also not increase. With the repo rate remaining at 6.5%, there are potential implications for home loans. For borrowers with existing home loans, this pause in rate hikes means that their Equated Monthly Installments (EMIs) are likely to remain stable in the short term. If the repo rate remains unchanged, banks may not immediately raise the lending rates for their existing home loan customers. This can provide relief to borrowers with home loans.

However, it is important to note that the specific terms and conditions of home loans, including interest rates, can vary among lenders. Therefore, it is advisable to consult with loan experts or advisors to understand how the RBI's decisions may impact your home loan EMIs.

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