Internal balance transfer to a lower interest rate for a home loan is always the easiest path, with less paperwork and without the need for a property revaluation, according to experts.

Since EBLR's 2019 launch, fixed-rate home loan borrowers have paid Rs 3+ lakh more. Find out what changed and discover your escape route today.

<div><em>With most banks having transmitted the rate cut benefit to consumers, the leeway to cut more still exists, writes ...

However, Vijay, comfortable with interest rate fluctuations, chose an MCLR-linked floating rate at 8.75%, and later switched to the repo rate-linked EBLR implemented in October 2019.