When the RBI changes the repo rate, it doesn’t just affect banks; it directly impacts your loan repayment cost and monthly EMIs. Lower repo rates generally mean cheaper borrowing, which can reduce your home loan EMI, while rate hikes raise your financial burden. This article explains how floating interest home loans respond to repo rate adjustments, why staying updated is crucial, and what steps borrowers can take, such as refinancing or prepayment, to manage their costs.