New Delhi, Dec. 10 -- IT professional Akhil Surampally opted for a home loan through a non-banking finance company (NBFC). Even though the Reserve Bank of India (RBI) slashed interest rates by 1.25% since January 2025, his equated monthly instalments remained unchanged. His 20-year tenure has also not been reduced significantly despite rate cuts.

On 8 December 2025, the RBI reduced the repo rate to 5.25%, a 0.25% decrease. This was the fourth cut since the start of the year, bringing the repo rate down to 6.5%. The repo rate is the rate at which the RBI lends to banks.

"My plea to the NBFC has been unanswered. When the RBI rate is increased, I always receive emails about the increase in my home loan rates. But this year, when there have...