Your EMIs are set to see a sharp jump, as banks likely to jack up lending rates

While all banks will automatically pass on the entire repo rate increase to customers who had availed of loans linked to external benchmarks, in the case of Marginal Cost of funds-based Lending Rate (MCLR) and fixed rate loans, their asset liability committees are expected to take a call on the quantum of the hike.

from Banking/Finance-Industry-Economic Times https://ift.tt/63TLrJC