Big boost for 1st time homebuyers as RBI revise affordable housing loan limit

There may still be some cheer for prospective homebuyers in the Metros as the Central Bank’s policy released on Wednesday makes it easier for them to avail home loans in the affordable housing segment. For the first time since January 2014, RBI hiked the repo rate and reverse repo rate by 25 bps to reach 6.25% and 6% respectively.

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Source: Money Control