Home and Car Loan
There is good news for people who have taken or take home and car loan. This year there will be a major decrease in the EMI of home or car loan. This has been claimed in SBI Research. According to research,
The Reserve Bank of India (RBI) can cut inflation under control in the current financial year as well as cut policy rates by up to 1.25-1.5 percent. If this happens, banks will also cut interest rates on home and car loans. This will provide relief to crores of people. The burden of their EMI will be reduced. It is noteworthy that the loan EMI has decreased due to RBI cutting repo rate 2 times.
Suggestion of 50 basis points deduction
SBI Research suggested that the central bank should make a large cut of half a percent in the repo, as it would be more effective. The report said that inflation based on the Consumer Price Index has declined sharply and it has come down to 67 months low in March, 2025 to 3.34 percent. This was possible due to the rapid improvement in food inflation. The Research Report titled ‘Inflation and Rate Cut Project Path’ of State Bank of India said that GDP (GDP) growth at current prices for FY 2025-26 is expected to be in the range of 9-9.5 percent. In such a situation, in view of low growth and low inflation, there is a good scope for cuts in policy rates.
Rupee expected to be within 85-87
The report said that with the estimate of multi-year low inflation and general inflation in March in March, we are expecting a rate of 0.75 percent in the rate in June and August and a half percent cut in the second half of the current financial year. Thus the total cuts can be close to 1.25 percent. The report said that instead of cut by 0.25 percent, the reduction of 0.5 percent would be more effective. According to the report, the dollar-rupaya exchange rate in 2025 is expected to be within a radius of Rs 85-87.
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