Repo Rate Hike: How Your Home Loan Tenure Silently Expands

• Rising repo rates directly impact floating-rate home loans, often extending tenure without changing EMI.
• Banks typically keep EMI constant, silently increasing loan duration, leading to significant additional interest payments.
• A 1% rate hike on a Rs 60 lakh loan over 20 years can add Rs 8-10 lakh in total interest.
• Borrowers should check their loan statements for changes in EMI or tenure.
• Strategies to mitigate impact include voluntarily increasing EMI, making part-prepayments, or considering a balance transfer.