Home loan guides in plain English
One question, one clear answer, with the numbers worked out and the RBI rule it comes from.
Will my home loan EMI go up after the RBI repo rate hike?
Only if your loan is linked to the repo rate. The RBI repo rate is now 5.50%, last changed on 7 Oct 2026, so a repo-linked loan gets a new rate at its next reset, and your lender then changes your EMI, your loan years, or both.
Last checked 21 Oct 2026Read the guide
Do new customers get a lower home loan rate than existing customers?
Often, yes. A lender's published rate is for new loans, while your older loan keeps the margin set on the day it was sanctioned, so it can sit above today's rate. You can ask your lender to move you to the lower rate; the lender decides, and lenders usually charge a fee.
Last checked 21 Oct 2026Read the guide
How do I find out if my bank added extra years to my home loan?
Compare the end date on your latest loan statement with the number of EMIs in your first sanction letter. If it moved later, a rate rise with an unchanged EMI is the usual reason, and RBI rules say your lender must have told you and offered you a choice.
Last checked 21 Oct 2026Read the guide
How do I find and cancel forgotten auto-pays on my bank account or card?
Check three places: your UPI app's AutoPay list, your card's standing instructions on your bank's page, and your bank statement for the same amount leaving every month. You can cancel each one yourself, and the steps are below.
Last checked 21 Oct 2026Read the guide
Is a home loan balance transfer worth it?
It is worth it when the money you save each year is clearly bigger than the total cost of switching, and you stay long enough to get it back. Add up the new lender's fee, the state stamp charges and the legal costs, then divide by your yearly saving to find the break-even time.
Last checked 21 Oct 2026Read the guide