Banks hike MCLR on loans: SBI vs BOB vs Axis Bank vs Kotak Mahindra Bank loan interest rate comparison

Borrowers' interest payments typically rise as the MCLR rises. Existing borrowers' EMIs will be affected when their loan reset dates occur as a result of the MCLR increase.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2eP160N