With Reserve Bank of India reducing the repo rate by 35 basis points to 5.40%, the Easy Monthly Installments (EMIs) are set to decline. This is fourth straight rate cut by the RBI, resulting in an effective rate cut of 110 basis points or 1.1% in the key lending rate.

Bajaj Finance Fixed Deposit: When you invest in an FD, you earn returns at a fixed interest rate through the tenor. Usually, fixed deposit rates on company deposits are higher than those you can obtain at a bank. For example, you can earn interest at a rate as high as 8.95% when you invest in a Bajaj Finance Fixed Deposit. Even after the recent repo rate cuts, this FD is offering one of the highest interest rates.

Home loans, Car loans and even personal loans are set to get cheaper as the Reserve Bank of India has slashed its repo rate by 25 basis points to 6% from 6.25% with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% and to support growth.

The consumer inflation stands at provisional 2.57% in the month of February as mentioned by the latest data released by the government. Consumer inflation in January was revised downwards to 1.97 per cent from 2.05 per cent, according to the official statement.

In its latest Monetary Policy, the Reserve Bank of India (RBI) slashed repo rate by 25 basis points to 6.25 from 6.5 per cent. The reverse repo rate stands adjusted to 6.0 per cent, and the marginal standing facility rate and the bank rate has been kept 6.5 per cent. The new announcement has potential to reduce interest rates on loans.

Reserve Bank of India on Wednesday hiked repo rate for the second time by 25 bps in last three months, leaving India Inc disappointed.

Bad news is here for those borrowers who have taken a car loan or home loan. The Reserve Bank of India (RBI) has increased its repo rate by 25 bps to 6.50%.

The Indian central bank's decision to hike repo rate by 25 basis points on Wednesday has boosted investors' sentiments leading the key Indian equity indices surge during afternoon session trading on Thursday.

Housing loan and auto loan will become dearer with the Reserve Bank of India (RBI) on Wednesday raising its key interest rate for the first time since January 2015.

The RBI on Thursday maintained status quo on its key short-term lending rate at 6 per cent at its first bi-monthly monetary policy review of the new fiscal, in line with what was being widely expected.