The RBI raised the repo rate by 25 basis points to 5.50 percent on October 7. Borrowers with repo-linked floating home loans will see EMIs or tenures adjust within one to three months, depending on the lender's reset cycle. MCLR-linked loans transmit changes more slowly, with resets capped at one year.
Repo Rate Hike: When Will Home Loan EMIs Rise?
Source: Moneycontrol