The Reserve Bank of India (RBI) has reduced the repo rate by 50 basis points to 5.5% to encourage economic activity. This is the third consecutive drop this year, indicating that the central bank is committed to encouraging growth by making lending more cheaper.
Along with this, the RBI reduced the Cash Reserve Ratio (CRR) by 1%, putting more cash into the banking system. These reforms are likely to reduce borrowing costs, especially for home loans and property-backed business loans. However, while the headlines appear to be favorable, the reality for most borrowers is far more complex.
Why You Might Still Be Paying Higher EMIs?
Even with this significant rate cut, most banks delay passing on the benefit to existing customers. The transmission of rate cuts, especially in the case of existing floating-rate loans, is neither instant nor guaranteed.
Take for instance a ₹50 lakh home loan over 20 years — a 50 bps reduction could result in monthly EMI savings of up to ₹1,960 or nearly ₹4.7 lakhs over the loan tenure. But unless your bank updates your rate promptly, you might keep paying the old, higher EMI for several more months.
Also Read: RBI Set to Make Rate Cuts – Impact on Borrowing and MSME Sector
OneNDF Steps In to Bridge the Gap
Responding to this gap between policy and practice, OneNDF is actively working with borrowers and lenders to accelerate rate reductions.
“Rate cuts grab attention in the media, but rarely reach the borrower without persistent follow-up. At OneNDF, we believe our role doesn’t stop at loan disbursal. We continue to support our clients by negotiating better terms as the market evolves,” said Nitin Khandelwal, Founder & CEO of OneNDF.
OneNDF’s platform, which connects MSMEs and individuals to 120+ lenders, now offers a free interest rate review service for existing borrowers. The service aims to ensure that customers receive timely and full benefits from policy changes — without going through tedious paperwork or repeated follow-ups with banks.
How OneNDF Works
Borrowers using OneNDF can now opt in for:
- Proactive rate tracking and alerts
- Lender-specific policy mapping
- End-to-end support in getting the revised interest rate implemented
Whether you’re a home loan customer, a business owner with a loan against property, or an MSME exploring working capital backed by real estate, this rate cut could translate into significant savings — if acted upon in time.
Don’t Miss Out: Let OneNDF Help You Lower Your EMI
In case you’re an existing borrower and you wonder whether it’s possible to lower your EMI, OneNDF can help you explore smarter refinancing options, competitive interest rate, and tailored solutions—so you pay less every month and stress even less.
OneNDF: Every step of the way — empowering India’s borrowers to make better decisions regarding loans.
