SBI Withdraws Repo-Linked Home Loan Scheme, Details Here ndtv.com

State Bank of India or SBI, the country's largest lender, has withdrawn the repo-rate linked home loan scheme. The bank mentioned this on its official Twitter handle while responding to a customer's query. "Kindly note that RLLR based home loan scheme have been withdrawn. You can get the home loan migrated to MCLR based home loan," it stated. RLLR or repo-linked lending rate means that any changes in the key interest rate by the central bank are passed on directly to the customers. While MCLR or marginal cost-based lending rate is the rate to which all of bank's home loans are linked.