<h1>Major lender reduces home loan rates to 7.49% after RBI cuts repo rate by 50 basis points</h1> Following the Reserve Bank of India's 50 basis point repo rate cut in June 2025, a major financial services company now offers home loan rates starting at 7.49% per annum. The rate reduction significantly impacts monthly EMI calculations, with a 50 lakh loan over 20 years requiring EMIs of approximately 40,249 rupees at the new rate compared to 43,391 rupees at 8.5% interest, saving over 3,000 rupees monthly. The lender provides loans up to 15 crore with tenures extending to 32 years and EMIs starting at 687 rupees per lakh borrowed. Key features include 48-hour approval processing, zero foreclosure charges for individual floating rate borrowers, doorstep document collection, and access to over 5,000 pre-approved projects. Eligibility requires applicants aged 23-67 years for salaried individuals, 23-70 years for self-employed, with minimum 725 credit scores and regular income documentation.