{
  "id": 12687263,
  "title": "RBI rate hike: Your home loan EMI just went up",
  "url": "https://urgent.news/2026/10/07/rbi-rate-hike-your-home-loan-emi-just-went-up",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T18:34:36.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/banking/finance/rbi-rate-hike-your-home-loan-emi-just-went-up/articleshow/134773182.cms"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India recently increased its policy rate by 25 basis points to 5.50%. This hike will result in higher borrowing costs for new home, car, and personal loan customers. Mortgage borrowers may face higher monthly payments or longer repayment terms when their loan rates reset. Lata Pillai, senior MD and head of Capital Markets at JLL, predicts that higher construction costs will likely be passed onto buyers, particularly affecting mid-segment affordability. Despite strong demand fundamentals and robust GDP growth, the impact of a single rate hike may be minimal. RBI Governor Sanjay Malhotra stated that rate cuts are currently off the table, leaving the central bank with the choice of another increase or a pause at future meetings.",
  "summary": null,
  "key_points": [
    "Reserve Bank of India raised policy rate by 25 basis points to 5.50%",
    "Higher borrowing costs for home, car, and personal loan customers",
    "Lata Pillai predicts higher construction costs may affect mid-segment affordability"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}