Loan

RLLR

Also known as: Repo Linked Lending Rate, External Benchmark

Repo Linked Lending Rate - External benchmark for loan interest rates linked to RBI repo rate.

Detailed Explanation

RLLR (Repo Linked Lending Rate) is an external benchmark that moves in tandem with the RBI repo rate. Introduced to ensure faster transmission of RBI policy rate changes to borrowers. When repo rate changes, RLLR-based loan rates adjust accordingly, making them more transparent than older internal benchmarks like MCLR.

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Related Terms

EBLR

External Benchmark Lending Rate - Loan rates linked to an external benchmark like repo or T-bill.

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MCLR

Marginal Cost of Funds based Lending Rate - Internal benchmark used by banks for loan pricing.

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