Experts lauded the RBI's 50 bps repo rate cut and CRR reduction as growth-oriented and borrower-centric, boosting economic activity and lowering borrowing costs.

Repo rate cut is expected to lower EMIs for home loan borrowers, providing significant relief, while also likely reducing fixed deposit returns for investors

With this, all banks are expected to reduce the interest rates on loans soon. With the loan becoming cheaper, the EMI of all loans, like home loans, car loans will also come down.