Home loans cheaper: PNB, others reduce rates post RBI repo cut

• Punjab National Bank (PNB) reduced its home loan interest rate to 8.10% from 8.35%, effective December 6, 2025.
• This move follows the RBI's Monetary Policy Committee cutting the repo rate by 25 basis points to 5.25% on December 5, 2025.
• Other public sector banks, including Indian Bank (to 7.95%) and Bank of India (to 8.10%), also reduced their repo-linked lending rates.
• The lower interest rates are expected to reduce EMIs for homebuyers, potentially saving ₹5,000-₹6,000 per month on a ₹50 lakh loan over 20 years.
• PNB shares closed up ₹2.15 at ₹121.70 on December 6, 2025, reflecting strengthened investor confidence.

Why It Matters: Lower interest rates make home loans cheaper, saving borrowers money.