Home loan reset date by bank: the RBI dates, the reset rules, and when each decision reaches you
The RBI decides on one day. Your loan changes on another, and no bank has one reset date for everyone: it is written in your own loan papers. This page puts the three things side by side: the RBI's dates, what each bank publishes about its resets, and a tool that turns your reset month into the date a decision reaches you. Rules read from each lender's own pages on 19 October 2026; the bank rate revisions after 7 October are from press reports read on 28 October 2026.
When does the RBI's rate change reach my loan?
Not on the day the RBI decides. Your loan changes on its next reset, and a reset happens about every three months. Answer one question and we will tell you which month the 7 October rise reaches your loan, and the next decision too.
My loan does not reset every 3 months
We assume your reset falls in the middle of the month and repeats on the cycle above. Your loan papers have the exact date, and some lenders apply the benchmark with a lag. This is an estimate for education, not a statement of your loan. Nothing you choose leaves this page.
Bank by bank: reset rules and the 7 October hike
The middle column is what each lender publishes about how its loans reset. The last column is whether the lender published a change to its own benchmark-linked rate after the 7 October decision. A bank's rate revision is not the day your loan changes: that is your reset date.
| Lender | What it publishes about resets | After the 7 October hike |
|---|---|---|
| State Bank of India | SBI's published terms for MCLR-linked loans reset the rate at the end of every year from first disbursement. For an EBLR loan, your sanction letter sets the reset date. | Revised Raised its EBLR and RLLR by 0.25 percentage points, effective 15 October 2026. Business Today, 21 Oct. |
| Bank of Baroda | Bank of Baroda's home loan page says the rate is linked to its Baroda Repo Linked Lending Rate (BRLLR) and is reset monthly. It gives no reset day, so check your loan papers. A monthly reset means a decision reaches you within about a month. | Revised BRLLR raised from 7.90% to 8.15%, effective 8 October 2026. PSU Connect, 7 Oct; the rate also appears in Free Press Journal. |
| ICICI Bank | ICICI's FAQ says floating loans linked to an external benchmark reset at least once every three months. On its repo-linked model the first reset falls on the first day of the third month after first disbursement, then every three months. Its rate-reset page says you can ask for a change of tenure, EMI, both, or a fixed rate before your reset date. The FAQ's examples date from 2019-20, so check your loan papers. | No dated revision found Check the bank's own rate page. |
| Axis Bank | Axis Bank's FAQ on repo-linked loans says the rate resets every three months, or sooner if the bank decides. The effect goes to your tenure first, and to your EMI only if the tenure is already at its maximum. | No dated revision found Check the bank's own rate page. |
| Kotak Mahindra Bank | Kotak's help page says rate changes take effect at the start of a calendar quarter (1 Jan, 1 Apr, 1 Jul, 1 Oct). The same page also mentions a monthly reset, so check your loan papers. If your loan follows the quarter-start rule, the 4 December decision would reach it on 1 January 2027. | No dated revision found Check the bank's own rate page. |
| IDFC FIRST Bank | IDFC FIRST Bank's page says it uses the repo rate as its external benchmark and that a floating loan rate can change every 3 months, or whenever the benchmark changes. It gives no fixed reset date, so check your loan papers. | No dated revision found Check the bank's own rate page. |
| Bajaj Housing Finance | Bajaj Housing's rate policy says the rate is reset from time to time after a benchmark change, with no fixed date. The effective date is communicated to you. | No dated revision found The effective date is communicated to you. |
| HDFC Bank | HDFC Bank's home loan FAQ says rates are reset at defined intervals, either on the financial calendar or on a date unique to each loan based on first disbursement, and that the bank may change the reset cycle prospectively. It gives no fixed frequency, so check your loan papers. | MCLR cut Cut its MCLR by 0.05 to 0.15 percentage points, effective 7 October 2026, so it matters only to MCLR-linked loans. No dated change to a repo-linked rate found. Free Press Journal, 7 Oct. |
Lenders change their terms. Your sanction letter and loan agreement always decide for your loan. "No dated revision found" means we could not find one in the sources above, which is not a statement that the bank did nothing. LoanRepo has no lender affiliation, takes no commission and does not rank lenders. Each lender has its own page with a calculator that runs your loan through every RBI decision at that lender's reset frequency.
Other banks that revised after 7 October
Press reports of 7 October 2026 (Free Press Journal) list these repo-linked lending rates, all effective 8 October.
| Bank | Rate | Change |
|---|---|---|
| Punjab National Bank | RLLR | 8.10% to 8.35% |
| Indian Bank | RBLR | 7.95% to 8.20% |
| Bank of India | RBLR | 8.35% (earlier rate not stated) |
| Indian Overseas Bank | RBLR | 8.35% (earlier rate not stated) |
Choose your path
Questions to put to the lender in writing
- What is the loan linked to? The repo rate (EBLR), the lender's own MCLR, or something else. It decides how a decision reaches you.
- What is my spread, and can it change? The spread is the part the lender sets. The Key Fact Statement must state it.
- How often and on what date does it reset? Ask for the first reset date, not only the frequency.
- When it resets, do I get a choice? Many lenders keep the EMI the same and add months. Ask whether you can choose a higher EMI, or a switch to a fixed rate, and how.
- What does prepaying or switching cost? RBI's 2025 directions say no pre-payment charge on floating-rate loans to individuals sanctioned or renewed from 1 January 2026. Check the text, and your sanction letter.
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Find your date, then see what has happened
- Find your reset date. Look in the sanction letter, the Key Fact Statement or the last rate-change letter. How to find it.
- Use the tool above to see which decisions have already reached your loan and which are still to come.
- Compare your statement. The quarterly statement shows your rate and the EMIs left. If the EMIs left have grown while the EMI stayed the same, the tenure moved.
- Ask your lender in writing whether you have a choice at your next reset. Higher EMI or longer tenure.
Check your spread, or a switch →
Questions
Do all banks reset the home loan rate on the same day?
No. Each lender sets its own reset frequency and dates, and the date can depend on your first disbursement. Bank of Baroda says it resets monthly; others reset at least every three months on repo-linked loans.
When does the 4 December RBI decision reach my home loan?
Not on 4 December. It reaches a repo-linked loan at the first reset after the decision, on the date written in your loan papers. A reset in the following weeks picks it up quickly; one just before 4 December waits up to three months. Use the tool on this page with your reset month.
Did banks change their lending rates after the 7 October 2026 hike?
Some did, on dates they published. State Bank of India raised its EBLR and RLLR by 0.25 percentage points effective 15 October 2026, and Bank of Baroda raised its BRLLR from 7.90% to 8.15% effective 8 October 2026. A bank's benchmark change is not the day your own loan changes: that is your reset date.
Where does LoanRepo get lender reset terms?
Reset rules come from each lender's own published pages, read on 19 October 2026 and linked on each lender page. The 7 October revisions come from press reports read on 28 October 2026. Your sanction letter always decides for your loan.
Sources: each lender's own published pages (read 19 October 2026); Business Today, PSU Connect and Free Press Journal (read 28 October 2026); RBI MPC schedule.