<ul data-eligibleForWebStory="false"><li>The recent repo rate cut by the Reserve Bank of India has led to reductions in home loan EMIs for existing borrowers, as banks adjust their lending rates.</li><li>Banks like Bank of Baroda, Punjab National Bank, Bank of India, Indian Bank, UCO Bank, and SBI have already decreased their lending rates benefiting borrowers with floating-rate home loans.</li><li>Repo rate adjustments impact EMIs directly for floating-rate home loans, with changes in repo rates leading to adjustments in lending rates and subsequent changes in monthly EMIs.</li><li>Existing borrowers are advised to monitor their loan terms, assess lender responses to repo rate changes, and consider refinancing options to maximize savings amidst the shifting lending landscape.</li></ul>

How To Get Maximum Benefit Of Repo-Rate Change: Should You Refinance Your Home Loan?

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