The Reserve Bank of India has cut its repo rate by a cumulative 125 basis points across four moves since February 2025, bringing it to 5.25%. The impact on home loan borrowers is real and immediate, a buyer with a ₹50 lakh, 20-year loan now pays roughly ₹3,600 less per month than they would have at 2024 rates, saving close to ₹9 lakh in total interest over the loan’s full term. The RBI’s Monetary Policy Committee began its June 2026 meeting on Tuesday, with a decision expected on June 5.

Where Home Loan Rates Stand Today

Major lenders have broadly passed on the rate relief. As of June 2026, State Bank of India leads at 7.10% (7.05% for women co-borrowers). HDFC Bank is at 7.30%, ICICI Bank at 7.35%, and Axis Bank at 7.40%.

The spread between lenders is not trivial. Choosing a 7.10% rate over 7.40% on an ₹80 lakh loan works out to roughly ₹1,600 less per month and saves over ₹3.8 lakh across a 20-year term. Right now, shopping across lenders is more valuable than waiting on the RBI calendar.

The Savings, by Loan Size

Based on rates moving from approximately 8.35% in early 2025 to 7.10-7.35% today, borrowers at different loan amounts have locked in real savings:

  • ₹30 lakh loan: approximately ₹2,169 per month, ~₹5.21 lakh over 20 years
  • ₹50 lakh loan: approximately ₹3,615 per month, ~₹8.68 lakh over 20 years
  • ₹1 crore loan: approximately ₹7,230 per month, ~₹17.35 lakh over 20 years

These aren’t forward projections. Any borrower who bought or refinanced at current rates versus 2024 levels has already captured this benefit. For those still evaluating, the home loan EMI guide for Delhi-NCR breaks down the numbers across ticket sizes and localities.

Delhi-NCR Affordability at a 15-Year High

Property prices across Delhi-NCR rose 6-8% in 2025, while borrowing costs fell 125 basis points over the same period. Slower appreciation combined with sharply lower financing costs pushed the affordability index to levels not seen since roughly 2010.

On the Dwarka Expressway corridor, a buyer considering a 3 BHK in the ₹1.2-1.8 crore range is facing a substantially lower EMI than a year ago. Premium projects like Adani The Marq and Emaar Urban Ascent sit in exactly this affordability window.

What the June 2026 MPC Meeting Could Deliver

The committee meets June 3-5. Most analysts expect a hold. CPI inflation has dropped to 2.1%, well below the RBI’s 4% target, and GDP growth is tracking at 7.4%. But external pressures are adding caution: Brent crude crossed $103 on geopolitical tension, the rupee softened to around 95 to the dollar, and edible oil import costs are rising after Indonesia tightened export restrictions.

A surprise 25-basis-point cut remains on the table if the committee decides falling inflation outweighs the external risks. On an ₹80 lakh loan, that would shave roughly ₹1,385 off the monthly EMI and save another ₹3.32 lakh over the term. If June is a hold, the next likely window is the August 2026 meeting.

What Buyers Should Do Now

Waiting for one more rate cut before committing typically costs more than the cut actually saves. Property prices in premium NCR corridors don’t wait for the MPC calendar, and a 60-90 day delay while prices move 1-2% can wipe out months of EMI savings.

The smarter move is on the financing side: compare lenders aggressively, negotiate a spread reduction with your existing bank if your rate is above 7.75%, or explore a balance transfer. As reported by Business Today, the full benefit of 125 basis points of cuts is already available today. Analysis from Ambak confirms that EMI relief at current rates is the most significant in over a decade for borrowers who act now.

Source: Business Today, Ambak, PropNewz