Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
RLLR is the lending benchmark that banks set as the repo rate plus a spread, used to price floating-rate retail loans transparently.
Your loan rate expressed as RBI’s repo rate plus the bank’s markup.
Mandated by the RBI since October 2019 for new floating retail and MSME loans, replacing MCLR for faster transmission of policy rate changes to borrowers.
With repo rate at 6.5% and a bank spread of 2.5%, the RLLR-based home loan rate is 9%.
Your loan rate expressed as RBI’s repo rate plus the bank’s markup.
RLLR (Repo Linked Lending Rate) helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.