Buying a Car? RBI rate cut reduces monthly EMIs; Know how much you can save
The Reserve Bank of India (RBI) has provided significant relief to car loan borrowers by cutting the repo rate by 0.25%. Following the reduction in interest rates, the EMIs (Equated Monthly Installments) for auto loans of ₹10 lakh, ₹15 lakh, and ₹20 lakh have now decreased.