IGI Logo

"After the latest RBI MPC meeting, the RBI maintained the repo rate at 6.5%. This decision reflects the RBI's cautious yet optimistic stance, aligning with a stable interest rate environment and fostering borrower confidence for informed financial decisions. Borrowers, particularly in home and personal loans, may explore options to optimize their financial commitments, such as transferring loans to banks offering lower rates or opting for part payments to reduce EMIs. Additionally, the government's focus on real estate is poised to provide a significant boost to the housing loans segment, with policies and incentives aimed at stimulating activity and enhancing accessibility to housing finance, benefiting both borrowers and lenders. Furthermore, recent fiscal measures outlined in Budget 2024-25 aim to further support affordability and accessibility to loans, particularly benefiting middle-class individuals and stimulating economic growth within the housing sector."