Home Loan Interest Rate Taking Effect thanks to Repo rate reduction

Working with DSA for couple of years in Mumbai- Sharing a quick update on reduction on Rate of Interest. In a home loan scenario, some nationalised banks have reduced the rate of interest to 8.1%

Other banks will follow. Might take effect by this month end or March. NBFCs are not governed by RBI but governed by NHB (National Housing Board) so NBFCs like L&T and Bajaj will follow in later stage.

Good time for a Balance transfer! If any questions or queries, feel free to post on comments or DM. Would love to assist. Thanks!