What is Repo Linked Lending Rate, Home Loan? RLLR meaning, comparison vs MCLR

From October 1, 2019, all new floating rate personal or retail loans such as a home loan or car loans sanctioned by banks are required to be linked to external benchmarks, such as repo rate. Repo Linked Lending Rate or RLLR changes the way your home loan, car loan and other loan EMIs are calculated. Under RLLR, your interest outgo will change depending on the movement in the repo rate. Watch video to know how it impacts you.
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[@subhashmeena1978]

Good, but It will be more beneficial if there will be with example of home loan

[@anandhabi8285]

Very nice mam

[@dancewithpari4824]

respected sir . . i have requested from bank bm to agm , agm say that Interest rate Switchover fee is applicable and it will be charged with 5000+GST .) We also advise you that this conversion fee is mandatory without paying applicable fee we are unable to change the same. MCLR to EBLR.Switchover charge ko kon maaf kar sakta hai.

[@shreygupta3354]

great