Repo-linked home loan rates can be volatile

Repo-linked home loans have drastically reduced borrowing costs for customer. For instance, SBI's home loan rate dropped to 8.05% after it linked its advances to the repo rate which is nearly half a percentage point lower than the 8.55% it charged customers in June under the marginal cost of lending rate (MCLR).

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ZKAYfa
via IFTTT