Home Loans from October 1, 2019, to be linked to External Benchmark
The Reserve Bank of India has issued a circular dated September 4, 2019, making it mandatory for all new floating
base rate to mclr
PLR, Base Rate, MCLR and now RLLR (Repo rate linked lending rate)
Home loan interest rate benchmarks have kept on changing over the last decade. We used to have the Prime Lending