Home Loan Balance Transfer 2026: Should You Switch After RBI Repo Rate Hike?
Home Loan Balance Transfer 2026: When Switching Lenders Saves Money After the RBI Rate Hike India | October 11, 2026 Home-loan borrowers in India have a new reason to check the interest rate printed on their latest loan statement. The Reserve Bank of India raised the policy repo rate by 25 basis points to 5.50% on October 7, 2026 , its first increase since 2023. The RBI also shifted its monetary-policy stance to calibrated tightening and said that, under current conditions, near-term rate cuts are off the table; future action is more likely to be either another hike or a pause depending on inflation and growth. For borrowers with floating-rate home loans, the immediate question is not simply: “Will my EMI increase?” A more useful question is: “Am I paying a significantly higher rate than another lender would charge me today—and would transferring the loan actually save enough money to justify the costs?” That is where a home loan balance transfer can become useful. But switchin...