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10 days ago · So, if you also without much know-how on the new product i.e. repo rate linked loan are considering it among the different options for your home loan, here are the finer details on SBI’s RLLR home.
· SBI offers repo-linked home loan products which means that any changes in key interest rate by the RBI are passed on directly to the customers. home loans.
Mumbai: State Bank of India (SBI), the country’s largest lender, has launched repo rate-linked home loan product effective 1 July. So far, all new floating rate home loans were linked to marginal cost.
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To be eligible to take a repo rate-linked home loan, you need to have a minimum annual income of 6 lakh.The total loan tenor cannot exceed 35 years. The bank will charge a premium of 20 bps.
New Delhi: India’s largest lender, State Bank of India (SBI), is likely to offer new home loan borrowers the option of repo rate-linked loans from July 1. The new product will reportedly have a.
SBI’s repo rate linked home loan is based on the Repo-Linked Lending Rate (RLLR) which currently (Since July 1) is 8 per cent. After the repo rate cut by RBI by 35 basis points in August, the.
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SBI Repo-Rate Linked Home Loan. SBI is the first bank to introduce a Home Loan product that’s linked to the repo rate. The loan rate isn’t directly linked to the repo rate, but will be based on SBI’s Repo Linked Lending Rate (RLLR). This RLLR will be the repo rate plus a margin, and the loan rate will be the RLLR plus a margin.
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