Will your home loan EMI come down after RBI's 25 bps rate cut?

Existing borrowers’ EMIs will change only when their reset date arrives. New borrowers will benefit

• After RBI’s 25-basis-point (bps) rate cut, home loan rates are expected to come down. This is the third consecutive cut. 
• Many banks have already fixed their benchmark rate – the marginal cost of funds-based lending rate (MCLR) – for the month, so revision of rates may happen only in July.
• If possible, new borrowers should wait until the start of July to see if banks reduce rates.
• Older borrowers will see a change in their equated monthly instalments (EMIs) only when their reset date arrives.
• Many housing finance companies are