Switching to repo-linked home loans? Five things you need to know

You will gain from their transparency

Sanjay Kumar Singh
Last Updated at September 22, 2019 20:23 IST

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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