India’s Largest Bank Cuts Home Loan Rates to 7.5%, Bringing Relief to Lakhs of Borrowers

In a major relief for homebuyers, the country’s largest bank has reduced its home loan interest rates to 7.5%. The rate cut is expected to benefit lakhs of existing and new loan holders by reducing their EMI burden.

The country's leading private bank has revised its home loan interest rate. This change has happened after the cut in the repo rate. Between March 2025 and April 2025, the home loan interest rate of this bank was 8.25%, which has now come down to 7.50 percent. Let us know how much less EMI you will have to pay now.

In the month of June, the Reserve Bank had made a big cut in the repo rate. After this, all private and government banks have started reducing the interest rate. HDFC Bank has also joined this queue. HDFC Bank has reduced the home loan interest rate from 8 percent to 7.50 percent.

However, this is the minimum interest rate. The interest rate of any bank also depends on the financial conditions of the person. Lower interest rate means that you will also have to pay less EMI. This news is best for those who have taken home loan on floating interest rate.