{
  "id": 12571318,
  "title": "RBI Repo Rate Hike: How Much Will EMI Rise On Rs 20 Lakh, Rs 30 Lakh And Rs 50 Lakh Home Loans?",
  "url": "https://urgent.news/2026/10/07/rbi-repo-rate-hike-how-much-will-emi-rise-on-rs-20-lakh-rs-30-lakh",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T06:41:45.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/rbi-repo-rate-hike-how-much-will-emi-rise-on-rs-20-lakh-rs-30-lakh-and-rs-50-lakh-home-loans"
  },
  "original_language": "en",
  "account": "Mumbai: The Reserve Bank of India (RBI) has increased the repo rate by 25 basis points to 5.50 percent, ahead of the holiday season. This move may result in higher monthly payments for home loan borrowers, especially those with floating-rate loans. For a Rs 20 lakh home loan with a 20-year tenure at an interest rate of 7.50 percent, the EMI would rise from approximately Rs 16,112 to Rs 16,419, adding Rs 307 to the monthly burden. Similarly, a Rs 30 lakh loan would see an EMI increase from Rs 24,168 to Rs 24,628, amounting to an extra Rs 460 per month. For a larger Rs 50 lakh loan, the EMI would increase from Rs 40,280 to Rs 41,047, adding nearly Rs 767 to the monthly payment. The extent of the impact will depend on factors such as whether lenders pass on the entire rate hike, the loan's benchmark and spread, and the remaining tenure.",
  "summary": "Mumbai: Home loan borrowers could face higher monthly repayments after the Reserve Bank of India (RBI) raised the repo rate by 25 basis points to 5.50 percent, just ahead of the festive season. The hike from 5.25 percent could make home, car and personal loans more expensive if banks pass on the higher borrowing cost to customers. For borrowers with floating-rate loans, the impact could come…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Press Journal",
        "title": "RBI Repo Rate Hike To 5.50% May Raise Home Loan Costs, But Experts Expect Housing Demand To Stay Resilient",
        "url": "https://urgent.news/2026/10/07/rbi-repo-rate-hike-to-5-50-may-raise-home-loan-costs-but-experts",
        "published": "2026-10-07T07:04:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}