This is the best time to get Home loans
you'll save a lot of interest due to repo rate deduction throughout the next few years.
Take my advice buy a property or you'll regret in the future
0 replies6 likes
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The Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6.25%.
This is the first rate cut in five years, with the last one occurring in May 2020.
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*RBI cuts Repo Rate by 25 bps to 6.25% โ the first rate cut in 5 years!*
โ Boost for economic growth
โ Lower borrowing costs
โ Positive for markets & businesses
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๐Loans to get cheaper?
๐ฆRBI cuts the repo rate for the first time in nearly 5 years to boost the economy.
Repo Rate cut by 25bps to 6.25%
๐What is repo rate?
--> It is the interest rate at which the central bank lends money to commercial ban
I need investors for the idea I have. Just like banks give loans against gold or property, our company wants to give loans against old machines.
Poor farmers or labourers who have old iron machines or iron goods can mortgage them and take loans at v
