Has the interest rate on your home loan become 10 to 30 basis points, or basis points (one basis point is equal to one hundredth of a percentage point) expensive in the past few weeks? This is the result of the recent 40 basis point hike in the repo rate by the Reserve Bank of India (RBI). The revised repo rate currently stands at 4.40%. Are you considering switching to a lender offering cheaper rates? Experts warn against this decision.