How any hike in MCLR impacts you?

Less than 24 hours after RBI hiked the repo rate by a surprise 40 basis points, loans have already started getting costlier. ICICI Bank was the first off the block with a 40 bps hike… increasing its base lending rate to 8.10%. The hike will increase the EMIs for those with floating home loan rates. Here is a detailed report on #BusinessTodayTV