Repo rate linked home loan: A less expensive option for borrowers
Borrowers of repo-linked home loans are able to benefit from the cut in interest rates from the month after the RBI’s monetary policy announcement.:
Heres a home loan scheme that links interest rates to an external benchmark, the reposet and declared by the Reserve Bank of India (RBI) in its bi-monthly monetary policy review. State Bank of India (SBI) was the first to launch a repo-rate linked home loan s...
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