It will impact interest rates on various loans, including home loans, personal loans and car loans. SBI offers 10 bps higher interest rate on super senior citizen FDs than senior citizens FDs ...
The repo rate cut is expected to lower interest rates on loans, particularly benefiting homebuyers and other borrowers.
Notably, HDFC Bank offers rates between 10.85% and 24.00%, while the State Bank of India provides attractive rates starting from 11.45% with no processing fee.
A repo rate cut would provide relief to borrowers, especially those with floating-rate home loans, personal loans, and ...