<ul><li>The Reserve Bank of India (RBI) is expected to announce a second repo rate cut of 25 basis points.</li><li>The reduction in repo rate will bring relief to personal loan borrowers by lowering interest rates on personal loans.</li><li>Banks and non-banking financial companies (NBFCs) often revise their interest rates on personal loans based on changes in the repo rate.</li><li>If the repo rate declines, the interest rates on personal loans may decrease, benefiting customers with reduced equated monthly installments (EMIs).</li></ul>

RBI Likely To Cut Repo Rate: Will It Impact Your Personal Loan EMIs?

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