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Rate cut by RBI should lead to cheaper home loans

Home loan customers may be in for some good news after repo rate cut by Reserve Bank of India, say credit experts. The home loan rates may slide down for both existing as well as new customers, as there should be more room to cut the rates. “Private sector banks and State Bank of India are expected to pass on the benefit of the repo rate cut to the end customers, by reducing the home loan interest rates soon,� says Vineet Jain, CEO of loanstreet.in

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