India's Central Bank left policy rates unchanged on Wednesday as the Reserve Bank of India (RBI) Governor Shaktikanta Das announced the Monetary Policy Committe (MPC) decisions today. How does that impact your dream of buying a new car or a dream home? In this special report 'Aapki Khabar Aapka Fayda', Zee Business' News Anchor, Deepak Dobhal decodes what this means for an average consumer.

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"Car loans and Home loans are at all-time low-interest rates. RBI has decided to maintain growth momentum. RBI Monetary Policy Committee keeps the repo rate unchanged. Which has increased the buying power of consumers," Dobhal said emphasizing on the opportunity that lie before the buyers. 

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"Price stability remains the cardinal principle of monetary policy as it fosters growth and stability. Our motto is to ensure a soft landing that is well-timed," Das had said today. 

Due to RBI maintaining status quo in repo rates, banks will continue to offer low-interest rate loans, Dobhal said in his report. 

"Because of Nationwide lockdown due to COVID, auto and realty sectors have faced the brunt in the past. But after unlock, the public has gained more interest in buying houses. As a result, many cities have broken the record of a decade in terms of buying houses. In which, low-interest rate home loans have played a major role," he added

Deepak also mentioned that there would not be any better opportunity to buy a new home or a car because of attractive low-interest rates.

According to Deepak, many prominent banks of the country are offering interest home loans between 6.40 per cent and 6.9 per cent. Here are the Home loan interest rates for some of the banks:-

UBI-6.40 per cent
BOI-6.50 per cent
SBI- 6.75 per cent
ICICI-6.90 per cent

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Those who could not buy a car on Dhanteras now can buy a car at minimal car loan interest rates. Here are the car loan interest rates for some of the banks:-

SBI - 7.70 per cent
Canara Bank - 7.35 per cent
IDBI Bank - 7.50 per cent
UBI - 7.40 per cent

"RBI has tried to maintain the buying sentiments of consumers in all its potential by maintaining the status quo in repo rates," he explained.