New Delhi, April 29 -- The year 2025 proved highly significant for those tracking interest rates, as the Reserve Bank of India (RBI) embarked on its most aggressive easing cycle since 2019. Over the course of four policy meetings, the central bank reduced the repo rate by a total of 1.25 percentage points, bringing it down to 5.25%. Since then, the rate has remained unchanged.

For borrowers who had taken floating-rate home loans from banks, this came as a much-needed relief after they had faced a sharp rise in borrowing costs following the RBI's 2.25% rate hike between May 2022 and February 2023.

But for those who took loans from non-banking financial companies (NBFCs), rate transmission has been weaker than in bank loans.

Mint spoke t...