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How does the repo rate influence home loan affordability for buyers in Gurgaon?
How does the repo rate influence home loan affordability for buyers in Gurgaon?
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The repo rate—set by the Reserve Bank of India—directly affects how banks price their home loans. A lower repo rate reduces interest rates, making EMIs smaller and homes more affordable. When the repo rate rises, EMIs increase, impacting loan eligibility. For aspiring homeowners, understanding this relationship is key to planning investments wisely. Hero Homes supports its buyers by offering financial guidance and partnerships with leading lenders, ensuring they benefit from the most favorable terms during fluctuating market conditions. This proactive approach helps clients make confident purchase decisions without financial strain.