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Did my lender pass on the rate change?

Repo-linked (EBLR): your rate rises by the same 0.25% at the next reset date, unless your lender holds back some of it. Resets happen at least once every three months, so expect the change within about three months of 7 October.
MCLR-linked: your lender's own cost of funds drives the rate and it resets on its own date, often every six or twelve months. The effect arrives later and may be smaller. Our guide to [[blog:eblr-vs-mclr-home-loan|EBLR and MCLR]] explains the difference.
Fixed rate: nothing changes until the fixed period ends.

RBI changed the repo rate. Check whether your home loan rate moved with it.

This assumes your spread over the repo rate has not changed. A gap is a reason to ask, not proof of a mistake. Rates and dates are from RBI policy announcements.

Common questions

Should my rate fall when RBI cuts the repo rate?

If your loan is linked to the repo rate, yes, at the next reset date. Older MCLR or base rate loans move more slowly.

What do I do if my lender did not pass it on?

Write to the lender with your loan number and ask to switch to the repo-linked rate. The free letter is on our downloads page.