What is external benchmarking-based lending rates (EBLR)?

Home loan borrowers always have a concern that lenders are quick to increase home loan interest rates when RBI increases the policy rates, while the response is not always swift when RBI reduces policy rates. RBI introduced EBLR to address this issue. Haven’t heard of EBLR before? Please read on to find out more about the subject and manage your liabilities with ease.

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