The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25%, providing relief to home loan borrowers as EMI rates remain stable. Central Bank of India, Bank of India, and Indian Overseas Bank are offering the lowest starting interest rates at 7.10%. Other major banks like SBI and Bank of Baroda are starting their rates from 7.25% and 7.20% respectively. The final interest rate for customers will depend on their credit score and income profiles.
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