✅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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