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    HomeNewsBusinessPersonal FinanceBanks are increasing MCLR rates: Should you switch to repo-linked home loans and save on EMIs?

    Banks are increasing MCLR rates: Should you switch to repo-linked home loans and save on EMIs?

    If your home loan is linked to MCLR, switching to a repo-linked home loan rate can reduce your interest costs. However, do the math first and calculate the savings instead of relying on vague estimates.

    Hiral Thanawala
    July 27, 2023 / 18:19 IST
    This MCLR rate is being hiked even though the Reserve Bank of India did not increase the repo rate in April and June.
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