Estate Meet

To maintain economy and Real Estate Sector, the  Reserve Bank of India  (RBI) governor,  Shaktikanta Das   announced rate cuts in Repo Rate to stave off a corona-virus-related recession on 27/03/2020. This might soothe the nerves of equity investors and reduce EMIs for Home Buyers . The RBI, cut the  repo rate  and reserve repo rate by 0.75 % and 0.90 %, respectively . The repo rate now stands at 4.4 per cent and reserve repo rate at 4 per cent. Here is a look at how today's rate cut will give benefit to Home Buyers Benefit  of the rate cut on Home Buyers The unexpected rate cut is likely to reduce equated monthly installments (EMIs) of borrowers, and also make it cheaper to take new loans . Here's an example of how your home loan is likely to be impacted under the new external benchmark regime.  If any Male Salaried buyer takes 30,00,000 Rs  Home Loan for tenure of  20 years, then as per current rates he has ...