See your new EMI after a rate hike or cut, or how much longer your loan will run if your EMI stays the same.
RBI update, 7 October 2026: repo rate raised from 5.25% to 5.50% (+0.25%)
Check your latest loan statement.
The RBI hike is +0.25% for most repo-linked loans.
Indicative starting rates, checked on 16 September 2026, before the RBI hike.
Use one of these as your rate before the hike.
Your rate may be different depending on your CIBIL score and profile.
These are shown for comparison only.
We are not linked to these lenders.
| Before the changeBefore | Pay a higher EMIHigher EMI | Keep your EMISame EMI | |
|---|---|---|---|
| Monthly EMI | — | — | — |
| Loan ends in | — | — | — |
| Interest left to pay | — | — | — |
| Change in interest | — | — | — |
Enter your loan details and the new rate, then tap Calculate.
When your rate goes up, your bank can raise your EMI or extend your loan.
Here is what each choice costs on your loan.
Paying ₹781 more each month keeps your loan end date the same.
Keeping your EMI at ₹41,822 adds 1 year to your loan and costs ₹3.08 lakh more in interest.
A higher EMI costs less in total.
A longer loan keeps your monthly budget the same, but you pay for longer.
You can also ask for a mix of both, such as a slightly higher EMI and a few extra months.
If you have some savings, a one-time prepayment can cancel out the rate hike.
Your EMI and your loan end date both stay where they were.
Based on ₹50,00,000 still to repay, 8% rising to 8.25% and 20 years left.
To see how much a bigger prepayment could save, try the Home Loan Prepayment Calculator.
RBI usually changes the repo rate by 0.25% at a time, but several changes can add up.
| Rate change | New rate | New EMI | EMI change a month | If your EMI stays the same |
|---|---|---|---|---|
| −0.5% | 7.5% | ₹40,280 | −₹1,542 | 1 year 7 months sooner |
| −0.25% | 7.75% | ₹41,047 | −₹775 | 10 months sooner |
| +0.25% | 8.25% | ₹42,603 | +₹781 | 1 year longer |
| +0.5% | 8.5% | ₹43,391 | +₹1,569 | 2 years 2 months longer |
| +0.75% | 8.75% | ₹44,186 | +₹2,364 | 3 years 7 months longer |
| +1% | 9% | ₹44,986 | +₹3,164 | 5 years 4 months longer |
Based on ₹50,00,000 still to repay at 8% with 20 years left.Your selected change is highlighted.
The bigger your loan, the bigger the change in rupees.
| Loan amount | EMI at 8% | EMI at 8.25% | EMI change a month | Change in interest |
|---|---|---|---|---|
| ₹20 lakh | ₹16,729 | ₹17,041 | +₹312 | +₹75,187 |
| ₹25 lakh | ₹20,911 | ₹21,302 | +₹391 | +₹93,621 |
| ₹30 lakh | ₹25,093 | ₹25,562 | +₹469 | +₹1.12 lakh |
| ₹40 lakh | ₹33,458 | ₹34,083 | +₹625 | +₹1.5 lakh |
| ₹50 lakh | ₹41,822 | ₹42,603 | +₹781 | +₹1.88 lakh |
| ₹60 lakh | ₹50,186 | ₹51,124 | +₹938 | +₹2.25 lakh |
| ₹75 lakh | ₹62,733 | ₹63,905 | +₹1,172 | +₹2.81 lakh |
| ₹1 crore | ₹83,644 | ₹85,207 | +₹1,563 | +₹3.75 lakh |
| ₹1.5 crore | ₹1,25,466 | ₹1,27,810 | +₹2,344 | +₹5.62 lakh |
| ₹2 crore | ₹1,67,288 | ₹1,70,413 | +₹3,125 | +₹7.5 lakh |
Based on a change from 8% to 8.25% with 20 years left, paying the new EMI.Your loan amount is highlighted.
In the early years, most of your EMI goes towards interest.
Only the part left over reduces your loan.
At 8%, ₹8,489 of your EMI reduces your loan each month.
At 8.25%, only ₹7,447 does.
That is 12% less going towards your loan, even though the rate rose only 0.25%.
So if your EMI stays the same, your loan takes 1 year longer to repay.
On 7 October 2026, the RBI raised the repo rate by 0.25%, from 5.25% to 5.50%.
It is the first increase since February 2023.
From 8 October, several banks raised their repo-linked lending rates by 0.25%:
| Bank | Before | Now |
|---|---|---|
| Punjab National Bank | 8.10% | 8.35% |
| Bank of Baroda | 7.90% | 8.15% |
| Indian Bank | 7.95% | 8.20% |
| Bank of India | — | 8.35% |
| Indian Overseas Bank | — | 8.35% |
These are the banks' repo-linked lending rates, as reported on 8 October 2026.
They are not the final home loan rate, but home loans linked to them move up by the same 0.25%.
More banks are expected to follow.
The next RBI policy review is due in December 2026.
It depends on what your loan rate is linked to.
Your sanction letter, Key Facts Statement or loan statement shows your benchmark, spread and reset date.
The spread is the fixed margin your bank adds on top of the benchmark.
It stays the same, so only the benchmark part of your rate moves.
Not immediately.
Your new rate applies from your loan's next reset date.
For repo-linked loans, that is usually within three months.
Many banks keep your EMI the same and extend your tenure by default.
Your bank must tell you when your EMI or tenure goes up.
Check your loan statement after the reset, especially the number of EMIs left.
Under RBI rules, your bank must offer you these choices when your rate is reset:
Your bank cannot extend your loan so much that your EMI no longer covers the interest.
To check if moving your loan saves money after all costs, use the Home Loan Balance Transfer Calculator.
This calculator does not check:
The result is an estimate based on the numbers you enter.
For a 0.25% rise, your EMI goes up by about ₹15.6 for every ₹1 lakh you owe, on a 20-year loan at 8%.
On ₹50 lakh at 8% with 20 years left, your EMI rises by ₹781, from ₹41,822 to ₹42,603.
Enter your own loan above to see your exact change.
At 8% with 20 years left, a 0.25% rise adds ₹781 a month.
At 7.5% with 25 years left, it adds ₹816 a month, from ₹36,950 to ₹37,766.
At 8% with 20 years left, a 0.25% rise takes your EMI from ₹83,644 to ₹85,207.
That is ₹1,563 more a month, or about ₹3.75 lakh more interest over the loan.
No.
The new rate applies from your loan's next reset date.
Repo-linked loans are reset at least once every three months.
MCLR-linked loans are usually reset every 6 or 12 months.
Yes, if your home loan has a floating rate.
Your rate goes up at the next reset, and your bank raises either your EMI or your tenure.
No.
A fixed rate does not change during the fixed period.
A higher EMI costs less in total.
On ₹50 lakh at 8% with 20 years left, a 0.25% rise adds ₹1.88 lakh in interest if you pay the higher EMI.
If you keep your EMI, it adds ₹4.96 lakh and 1 year to your loan.
If the higher EMI strains your budget, a longer tenure keeps your monthly payment the same.
Many banks extend the tenure by default so that your monthly payment does not change.
You can ask your bank to raise your EMI instead.
No.
Under RBI rules, your bank must tell you when your EMI or tenure goes up.
It must also let you choose a higher EMI, a longer tenure or a mix of both.
If your bank does not resolve your complaint within 30 days, you can complain to the RBI Ombudsman at cms.rbi.org.in.
It depends on your rate and how many years are left.
For a 0.25% rise at 8%, a ₹50 lakh loan with 20 years left runs about 1 year longer.
With only 10 years left, it runs about 3 months longer.
At 7.5% with 25 years left, it runs about 1 year 10 months longer.
Then your loan could never be repaid at that EMI.
RBI rules do not allow this, so your bank must raise your EMI.
The calculator warns you if this happens.
If you have spare savings after keeping an emergency fund, a prepayment can cancel out the hike.
On ₹50 lakh at 8% with 20 years left, prepaying about ₹91,700 keeps both your EMI and end date the same after a 0.25% rise.
Floating-rate home loans taken by individuals for personal use have no prepayment charges.
Yes, at the time of a rate reset, if your bank's policy allows it.
Your bank decides the fixed rate, the switching fee and how many times you can switch.
Fixed rates are usually higher than floating rates.
The repo rate is 5.50%.
The RBI raised it from 5.25% on 7 October 2026.
Your rate goes down at the next reset.
On ₹50 lakh at 8% with 20 years left, a 0.25% cut lowers your EMI by ₹775.
Or, if you keep paying the same EMI, you finish 10 months sooner and save ₹4.29 lakh in interest.
Yes, over a long loan.
On ₹50 lakh with 20 years left, it costs ₹1.88 lakh to ₹4.96 lakh more in interest, depending on whether you raise your EMI or extend your tenure.
New loans are priced at the bank's current rate, which already includes the hike.
Use the Home Loan EMI Calculator to see your EMI and full repayment schedule.
This calculator gives an estimate based on the numbers you enter.
It does not check your loan agreement or your bank's reset rules.
Last updated: 8 October 2026
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