Is it a wise idea to opt for repo-linked loan?3 min read . Updated: 21 Aug 2019, 10:48 PM IST
- RLLR-based home loan will ensure faster rate cut transmission
- In the past, there has been a lot of talk of banks not being able to effectively transmit rate cuts to customers
Moving away from a system of home loans linked to marginal cost of lending rate (MCLR), several banks launched repo-linked lending rate (RLLR) products after the monetary policy committee cut repo rates by 35 basis points in August. In the past, there has been a lot of talk of banks not being able to effectively transmit repo rate cuts to their customers.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more