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What your loan costs after tax

Repo-linked (EBLR): your rate rises by the same 0.25% at the next reset date, unless your lender holds back some of it. Resets happen at least once every three months, so expect the change within about three months of 7 October.
MCLR-linked: your lender's own cost of funds drives the rate and it resets on its own date, often every six or twelve months. The effect arrives later and may be smaller. Our guide to [[blog:eblr-vs-mclr-home-loan|EBLR and MCLR]] explains the difference.
Fixed rate: nothing changes until the fixed period ends.

Home loan interest can come back as tax saved.

This is a general estimate. A tax adviser can confirm what you can claim, especially for joint loans or a rented-out home.

Common questions

How much tax can I save on a home loan?

Up to ₹2 lakh of interest on a self-occupied home under Section 24(b), and principal inside the ₹1.5 lakh 80C limit, under the old regime.

Does the new tax regime allow it?

Not for a self-occupied home. Check which regime suits you before counting the saving.