Reduce home loan EMI or cut tenure? What will save you more on interest after RBI repo rate cut by 50 bps?

Home loan EMI reduction: After a long time, the RBI has relieved the borrowers by cutting the repo rate successively by 50 basis points. With the repo rate reduced, home loan borrowers have to choose either to reduce their home loan EMI amount or reduce home loan tenure. If you are confused about which option will save you more money, then here is your answer.