RBI Cuts Repo Rate: Home Loans at Historic Lows
Do you have a long-cherished dream of buying an apartment? It is high time to end the wait and turn it into reality. The Reserve Bank of India (RBI) slashed the repo rate by 25 basis points, bringing it to 5.25%. The reduction lowers borrowing costs, making home loans more accessible for potential buyers and helping every real estate company in Kolkata better serve their clients.
You Can Enjoy Lower EMIs and Cheaper Loans
The repo rate is closely associated with the interest rates. Floating rates notably help reduce interest rates and EMIs.
- If you are planning a ₹50‑lakh home loan with a 20‑year tenure, this reduced report rate reduces the lifetime interest by roughly ₹9 lakh. In the long term, it will boost your account and reduce burnout.
- For a smaller loan like ₹35 lakh, EMIs can be reduced up to ₹1,800–₹1,900. This can help save significant money, leading to better financial management.
Magic Wand For The Kolkata Real Estate Buyers
According to the veteran real Estate agency in Kolkata, Bhawani Group, every city has its unique charm; therefore, the repo rate can affect each city’s market differently. The new repo rate can transform the Kolkata market.
- Lower EMIs help home buyers to look for larger loans and better properties. If you were previously looking for prime locations and stepped back due to price, it is high time. Explore projects such as Bhawani Sunrise or Bhawani Inara, as they are located near the metro line and can make your daily commute to work easier.
- The revised repo rate lowers the eligibility criteria. This allows you to take the risk of hoping for the dream property without worrying about the loan eligibility.
- Reduced burden will be a key selling point for potential buyers in the Kolkata market. In particular, the city’s mid‑segment and affordable housing will flourish.
Things To Keep In Mind As A Buyer
Madhyamgram offers everything a modern family could want. Its well-planned infrastructure, social amenities, and peaceful surroundings make it an ideal choice for homeowners.
Families can find:
- Reputed schools: Julian Day, Delhi Public School, and Sudhir Memorial Institute
- Quality healthcare: Narayana Multispeciality Hospital and Care & Cure Nursing Home
- Shopping and entertainment: Star Mall, Big Bazaar, and local markets for daily essentials
Are you ready to connect with a leading real estate company in Kolkata? Hold your breath for a minute, as there are some points which you must remember before investing.
- A lower interest rate might encourage you to opt for a larger loan; calculate the EMI first. Never exceed 40% of income as EMI to prevent burnout. Moreover, try to have an emergency fund before taking the loan to handle any unwanted situation smoothly.
- There are two types of interest rates- floating and fixed. Floating ones see the benefits instantly. Hence, choose the interest rate wisely.
- Focus on long-term goals rather than short-term profits. If you want a luxurious property, choose a popular location like Newtown. It helps you create an alternative income source when needed.
Reducing the repo rate is one of the most important macroeconomic adjustments of the RBI this year. It could be a catalyst for increasing the sales rate. It is high time for you to leverage the benefits.
Where to find prop Where does l in the future? Connect with us. At Bhawani Group, we have multiple projects in the prime locations of Kolkata. Located in the vicinity of the Kolkata metro, the last investment you can ever make.
Book your property now.
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