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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.

Yes or no, after the fees.

Same years left at both rates. Check the real fees with the lender. For loans from 1 Jan 2026 the RBI bars prepayment charges on floating-rate home loans for individuals.

Common questions

When is a balance transfer worth it?

When the rate gap is about 0.5 points or more, years remain on the loan and the break-even point comes well before the end of the tenure.

What fees come with a balance transfer?

Usually a processing fee at the new lender, legal and valuation charges, and sometimes a foreclosure charge. Floating rate loans for individuals carry no prepayment penalty.