What does an unchanged repo rate mean for home loan borrowers?

The unchanged repo rate at 5.25% brings no immediate relief for home loan borrowers as there would be no immediate decrease in EMIs. Fixed-rate borrowers will see no direct impact unless they choose to refinance or switch lenders. With the 125-bps rate cut over past year, borrowers with a ₹50-lakh home loan over 20 years could save ₹9.29 lakh interest.