EBLR (External Benchmark Lending Rate)

Since 2019, banks price floating retail loans off an external benchmark — usually the RBI repo rate — plus a spread. It's why a repo cut flows through to your home-loan EMI at the next reset, instead of getting stuck at the bank.

Related terms

RBI repo rate SIP (Systematic Investment Plan)MPC (Monetary Policy Committee)CRR (Cash Reserve Ratio)

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