{
  "id": 12619489,
  "title": "Lowest home loan rates after RBI repo rate hike",
  "url": "https://urgent.news/2026/10/07/lowest-home-loan-rates-after-rbi-repo-rate-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T10:57:22.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/wealth/borrow/lowest-home-loan-interest-rates-after-rbi-repo-rate-hike-check-emi-on-above-rs-30-lakh-to-75-lakh-loans-at-public-private-banks-hfcs/articleshow/134763682.cms"
  },
  "original_language": "en",
  "account": "On October 7, 2026, the Reserve Bank of India (RBI) increased the repo rate from 5.25% to 5.50%. Consequently, home loan interest rates linked to the External Benchmark Lending Rate (EBLR) are expected to rise. However, borrowers can still lock in low rates to purchase homes. We provide the lowest EBLR-linked home loan rates offered by public and private sector banks and housing finance companies (HFCs) for loans above Rs 30 lakh to Rs 75 lakh.\n\nPublic sector banks, such as Bank of Maharashtra and Central Bank of India, offer the lowest rates at 7.00% and 7.00%–9.15%, respectively. Other public sector banks have rates ranging from 7.10% to 9.60%. Private sector banks like South Indian Bank, Federal Bank, and ICICI Bank lead with rates starting from 7.25%, 7.35%, and 7.55%. Top-performing HFCs include LIC Housing Finance at 7.15% and Bajaj Housing Finance at 7.25%.\n\nRepo rate hikes affect EBLR-linked home loans as banks borrow money from the central bank at a higher rate. Consequently, borrowers face increased costs and higher interest rates on EBLR-linked loans. A slight rise in the interest rate can significantly impact a borrower's EMI. Home loan borrowers should monitor the latest rates from various banks, as factors like income, loan amount, repayment tenure, and existing financial obligations determine the interest rate offered.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Indian shares decline as RBI rate hike signals tighter policy",
        "url": "https://urgent.news/2026/10/07/indian-shares-decline-as-rbi-rate-hike-signals-tighter-policy",
        "published": "2026-10-07T10:48:01.000Z"
      }
    ]
  },
  "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."
}