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Experts give thumbs up to linking home loans to external benchmarks

If you are an existing borrower with an HFC or an NBFC, there will be considerable rate difference between your existing rate and what banks will offer on these external benchmark-linked loans

Topics
Home loans | Reserve Bank of India | RBI

Tinesh Bhasin  |  Mumbai 



bad loans

With all banks mandated by the (RBI) to link their retail to an external benchmark from October 1, interest rates on home and auto are expected to decline from next month. When some public sector banks (PSBs) shifted their benchmarks to the repo rate in September, their new loan offers were priced at least 20 basis points (bps) cheaper.

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First Published: Thu, September 05 2019. 21:40 IST

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