
- Repo rate linked loans of players that have launched this product are lower than their MCLR-linked rates
- Old borrowers on MCLR-linked loans should enquire with their banks how they can shift to its repo-rate linked loan
- Borrowers will have to apply themselves. The banks won’t shift them automatically
- If their bank is not ready to shift you, consider shifting to another one
- The primary reason for shifting to these loans is that they are more transparent. The borrower’s rate will change from the next month
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First Published: Fri, September 20 2019. 13:28 IST
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