With RBI reducing the repo rate to 6.25%, car loan EMIs are expected to decline. If banks fully transmit the 0.25% rate cut, borrowers could save ₹732/year on a ₹5-lakh loan, ₹1,020/year on a ₹7-lakh loan, and ₹1,464/year on a ₹10-lakh loan for a five-year term. These calculations are based on average median interest rate of 9.4% before the reduction.