{
  "id": 12746798,
  "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-12746798",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T18:34:36.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/rbi-rate-hike-your-home-loan-emi-just-went-up/articleshow/134777176.cms"
  },
  "original_language": "en",
  "account": "Mumbai: The Reserve Bank of India (RBI) has increased its policy rate by 25 basis points to 5.50%, affecting new home, car and personal loan customers. This hike comes after the central bank's first rate increase since February 2023. Borrowers with floating home rates may face higher monthly installments or longer repayment periods when their loan rates reset.",
  "summary": "The monetary policy committee (MPC) voted unanimously for the increase and adopted a stance of \"calibrated tightening\". RBI Governor Sanjay Malhotra said rate cuts were off the table for now, leaving a further increase or a pause as the choices at future meetings. The impact on existing borrowers will depend on the benchmark in their loan agreement. Banks must reset rates on loans linked to an…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times",
        "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",
        "published": "2026-10-07T18:34:36.000Z"
      }
    ]
  },
  "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."
}