Interest rates are falling, time to switch your home loan regime: Save above Rs 8 lakh by switching to EBLR; Know how

Home loan interest rates are decreasing after the Reserve Bank of India repo rate cut. Borrowers can save money by switching to the External Benchmark Lending Rate or EBLR. EBLR is more transparent and linked to the repo rate. Converting from older regimes like BPLR or MCLR can lead to substantial savings. Read below to know the full calculations.