Know all about RLLR and education loan interest rates linked to RLLR.
RLLR is the Repo-Linked Loan or Lending Interest Rate which is based on the Repo Rate set by the RBI.
Education loans based on RLLR have floating interest rates and keeps on changing.
This is because repo rates are reviewed every quarter. The current repo rate is 6.50%.
RLLR-linked education loan interest rates are calculated as the sum of Repo Rate and Spread.
RLLR of Different Banks
HDFC Bank- 6.50%
SBI- 8.75%
IDBI Bank- 9.10%
PNB- 9.25%
Canara Bank- 9.25%
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