{"id":11876,"date":"2024-04-25T16:46:38","date_gmt":"2024-04-25T11:16:38","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=11876"},"modified":"2024-04-25T16:46:41","modified_gmt":"2024-04-25T11:16:41","slug":"full-form-on-rllr","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/","title":{"rendered":"A Complete Guide on RLLR: Full Form, Calculation, Related Terms"},"content":{"rendered":"\n<p>RLLR relates to the repo rates set by the Reserve Bank of India based on which financial institutions further lend loans to the borrowers. It directly impacts the interest rates on the education loans or any other loan availed from the banks. Let\u2019s get into the details of RLLR rates, how they work, their role in education loan interest rate calculation, and other important information.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-what-is-the-full-form-of-rllr\" data-level=\"2\">What is the Full Form of RLLR?<\/a><\/li><li><a href=\"#h-rllr-in-education-loans\" data-level=\"2\">RLLR in Education Loans<\/a><\/li><li><a href=\"#h-calculation-of-rllr\" data-level=\"2\">Calculation of RLLR<\/a><ul><li><a href=\"#h-rllr-rates-of-different-banks-in-india\" data-level=\"3\">RLLR Rates of Different Banks in India<\/a><\/li><\/ul><\/li><li><a href=\"#h-other-terms-related-to-rllr\" data-level=\"2\">Other Terms Related to RLLR<\/a><ul><li><a href=\"#h-mclr\" data-level=\"3\">MCLR<\/a><\/li><li><a href=\"#h-base-rate\" data-level=\"3\">Base Rate<\/a><\/li><li><a href=\"#h-spread\" data-level=\"3\">Spread<\/a><\/li><li><a href=\"#h-reset-period\" data-level=\"3\">Reset Period<\/a><\/li><\/ul><\/li><li><a href=\"#h-rllr-vs-mclr-the-difference\" data-level=\"2\">RLLR vs MCLR: The Difference<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-full-form-of-rllr\"><span id=\"what-is-the-full-form-of-rllr\">What is the Full Form of RLLR?<\/span><\/h2>\n\n\n\n<p>The full form of RLLR is Repo Linked Lending Rate. RBI sets the repo rates, which act as a benchmark rate and serve as the foundation for determining loan interest rates banks offer. Financial institutions further lend loans to borrowers based on the RLLR. The present repo rate is 6.50% ( as of 25 April 2024).<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The RLLR depends on various factors like inflation, borrowings, economic trends, and growth projections.<\/li>\n\n\n\n<li>Due to this, RBI frequently reviews and changes the current repo rate every quarter i.e. in three months.<\/li>\n\n\n\n<li>Education loans based on RLLR have floating interest rates that are subject to revisions based on these factors.<\/li>\n\n\n\n<li>Based on the changes in the repo rate, banks adjust their RLLR, which further influences the interest rates on various loans, including education loans.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Having a gap after higher studies for entrance preparations or career building? Check out the details about obtaining a <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/gap-certificate-for-education-loan\/\"><strong>gap certificate for an education loan<\/strong><\/a><strong>.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-rllr-in-education-loans\"><span id=\"rllr-in-education-loans\">RLLR in Education Loans<\/span><\/h2>\n\n\n\n<p>Study abroad aspirants or those who plan to secure funds for higher studies must know about the importance of RLLR in calculating <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-interest-rates\/\"><strong>education loan interest rates<\/strong><\/a>. The interest rates linked to RLLR significantly impact the overall cost of education loans and the repayment burden, as these interest rates move up and down based on the changes in repo rates set by the RBI.&nbsp;<\/p>\n\n\n\n<p>RLLR-based education loans have transparent interest rates which are the benchmark rates set by the RBI. These are directly available to the public offering them transparency. However, frequent fluctuations (particularly rise in repo rates) can also affect the borrowers. Situations like inflation can impact repo rates and in turn, education loans. The impact and <a href=\"https:\/\/fly.finance\/blog\/education-loan\/inflation-and-its-effects-on-education-loans\/\"><strong>effect of inflation on education loans<\/strong><\/a> are bad, but these <a href=\"https:\/\/fly.finance\/blog\/education-loan\/strategies-to-deal-with-education-loans-and-inflation\/\"><strong>strategies to deal with education loans during high inflation<\/strong><\/a> can help you deal with the situation wisely.<\/p>\n\n\n\n<p><strong>You can refer to the table given below to find out more about the education loan interest rates charged by different lenders and their calculations in detail-<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/pnb-education-loan-interest-rate\/\"><strong>PNB Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/karnataka-bank-education-loan-interest-rate\/\"><strong>Karnataka Bank Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/federal-bank-education-loan-interest-rate\/\"><strong>Federal Bank Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/canara-bank-education-loan-interest-rate\/\"><strong>Canara Bank Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/union-bank-education-loan-interest-rate\/\"><strong>Union Bank Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/bank-of-india-education-loan-interest-rate\/\"><strong>Bank of India Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/indian-bank-education-loan-interest-rate\/\"><strong>Indian Bank Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-education-loan-interest-rate\/\"><strong>SBI Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-calculation-of-rllr\"><span id=\"calculation-of-rllr\">Calculation of RLLR<\/span><\/h2>\n\n\n\n<p>The RLLR rate is calculated as the sum of the repo rate and spread. The repo rate is the rate at which RBI lends loans to the commercial banks and spread is the percentage calculated by individual banks to cover their operational costs and profit margin. Thus, different banks have different loan interest rates due to different values of spread.&nbsp;<\/p>\n\n\n\n<p><strong>RLLR = Repo Rate + Spread<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Changes in the repo rate determined by the RBI lead to changes in the calculation of the RLLR rate. These changes, in turn, affect the interest rate calculation of loans, including education loans.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-rllr-rates-of-different-banks-in-india\"><span id=\"rllr-rates-of-different-banks-in-india\">RLLR Rates of Different Banks in India<\/span><\/h3>\n\n\n\n<p>Different banks have different RLLR rates and they keep on changing from time to time. Here\u2019s the list of popular lenders and the recent RLLR rates offered by them on loans, including education loans.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>RLLR of Different Lenders<\/strong><\/td><td><strong>RLLR Rate<\/strong><\/td><\/tr><tr><td>RLLR of SBI<\/td><td>8.75%<\/td><\/tr><tr><td>RLLR of PNB<\/td><td>9.25% (RLLR- 9.00% + BSP- 0.25%)<\/td><\/tr><tr><td>RLLR of Canara Bank<\/td><td>9.25%<\/td><\/tr><tr><td>RLLR of Bank of Maharashtra<\/td><td>9.30%<\/td><\/tr><tr><td>RLLR of Indian Overseas Bank<\/td><td>9.35%<\/td><\/tr><tr><td>RLLR of HDFC Bank<\/td><td>6.50%<\/td><\/tr><tr><td>RLLR of IDBI Bank<\/td><td>9.10%<\/td><\/tr><tr><td>RLLR of Central Bank of India<\/td><td>9.35%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Please Note: These Repo Rates are mentioned as per the official bank website and are applicable as of 25 April 2024. Changes in policies, economic trends, and RBI revisions lead to frequent changes in the RLLR rates.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-other-terms-related-to-rllr\"><span id=\"other-terms-related-to-rllr\">Other Terms Related to RLLR<\/span><\/h2>\n\n\n\n<p>There are some related terms to RLLR rates that you might come across when taking a loan from the bank. These include words like MCLR, base rate, spread, and reset period. Let us help you with the easy-to-understand definitions of these terms for easy understanding of the concept related to RLLR.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-mclr\"><span id=\"mclr\">MCLR<\/span><\/h3>\n\n\n\n<p>MCLR refers to the Marginal Cost of a Fund-Based Lending Rate. This rate is set by the banks in alignment with RBI guidelines. It is a benchmark rate below which the banks cannot lend loans to borrowers. It is a reference rate for the banks to decide the interest rates they can charge on loans.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-base-rate\"><span id=\"base-rate\">Base Rate<\/span><\/h3>\n\n\n\n<p>Base rate refers to the minimum benchmark rate set by the RBI below which the Indian banks are not permitted to lend to their customers. It is based on the same principle as MCLR, but both of them have a difference. The base rate is determined by the average cost of funds and MCLR is determined by the marginal cost of funds.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-spread\"><span id=\"spread\">Spread<\/span><\/h3>\n\n\n\n<p>Spread is the percentage calculated by individual banks to cover their operational costs and profit margin. It is also calculated as the difference between the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-reset-period\"><span id=\"reset-period\">Reset Period<\/span><\/h3>\n\n\n\n<p>The reset period refers to the time duration after which the interest rates are reset or readjusted.<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Comparing education loan interest rates is one of the best practices before applying for a loan with any lender. <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-interest-rates-of-different-banks-and-nbfcs\/\"><strong>Compare the education loan interest rates of leading banks and NBFCs<\/strong><\/a><strong> to find the best-suited lender.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-rllr-vs-mclr-the-difference\"><span id=\"rllr-vs-mclr-the-difference\">RLLR vs MCLR: The Difference<\/span><\/h2>\n\n\n\n<p>RLLR and MCLR are both used to calculate the interest rates charged by the banks on the loans. Some banks use the RLLR rates while others use MCLR rates based on their terms and conditions and policies. However, there are differences. Let\u2019s have a look at how RLLR rates are different from MCLR rates.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>RLLR<\/strong><\/td><td><strong>MCLR<\/strong><\/td><\/tr><tr><td>The full form of RLLR is a Repo-linked Loan or Lending Rate.<\/td><td>The full form of MCLR is the Marginal Cost of a Fund-Based Lending Rate.<\/td><\/tr><tr><td>RLLR-linked interest rates on loans are calculated based on the Repo rate set by the RBI.<\/td><td>MCLR-linked interest rates on loans are determined by the marginal cost of funds, below which banks are not permitted to lend loans to customers.<\/td><\/tr><tr><td>RBI sets the RLLR rates.<\/td><td>The banks set the MCLR rates adhering to the guidelines set by the RBI.<\/td><\/tr><tr><td>The reset period of RLLR is 3 months.<\/td><td>The reset period of MCLR differs from bank to bank and is usually between 6-12 months.<\/td><\/tr><tr><td>RLLR = Repo Rate + Spread<\/td><td>MCLR = Marginal Cost of Funds + Operation Costs + Tenor Premium<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1714040616749\"><strong class=\"schema-faq-question\"><strong>What is the full form of RLLR?<\/strong><\/strong> <p class=\"schema-faq-answer\">RLLR is the Repo Linked Loan or Lending Rate. It is a rate set by RBI at which is lends loans to commercial banks. Based on the same, the financial institutions further calculate their interest rates and lend loans to the borrowers.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1714040618245\"><strong class=\"schema-faq-question\"><strong>How does RLLR work?<\/strong><\/strong> <p class=\"schema-faq-answer\">RLLR is reviewed by the RBI every three months as it is based on factors like inflation, borrowings, and economic trends in the country. Based on the changes in the repo rate, banks adjust their RLLR, which further influences the interest rates on various loans, including education loans.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1714040619231\"><strong class=\"schema-faq-question\"><strong>How does RLLR work for education loans?<\/strong><\/strong> <p class=\"schema-faq-answer\">Education loan interest rates linked to RLLR are determined based on the repo rate set by the RBI and the spread charged by the banks. The interest rates linked to RLLR have floating interest rates as these interest rates fluctuate based on the changes in repo rates set by the RBI.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1714040620285\"><strong class=\"schema-faq-question\"><strong>What is the difference between RLLR and MCLR?<\/strong><\/strong> <p class=\"schema-faq-answer\">RLLR rates are the repo-linked lending rates. Such interest rates on loans are determined by the repo rate set by the banks and are calculated as the sum of the repo rate and spread. MCLR refers to the Marginal Cost of a Fund Based Lending Rates which are the benchmark rates below which banks are not allowed to lend. are set by the banks and are determined by the marginal cost of funds, operating costs, and tenor premium.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1714040621491\"><strong class=\"schema-faq-question\"><strong>How frequently does RLLR change?<\/strong><\/strong> <p class=\"schema-faq-answer\">RBI frequently reviews and changes the current repo rate every quarter i.e. in three months due to changes in economic trends, inflation, growth prospects, and others. Thus, RLLR-linked interest rates have floating interest rates.<\/p> <\/div> <\/div>\n\n\n\n<p>This was all about the full form of RLLR, its working, how it affects the education loan interest rates, their calculation, related terms, and the major differences between RLLR and MCLR-based interest rates.<\/p>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/blog\/education-loan\/\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/blog\/student-account\/\"><strong>bank accounts for students<\/strong><\/a>, forex and banking experience for global students or <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-cancellation\/\"><strong>Education Loan Cancellation<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/karnataka-bank-education-loan\/\"><strong>Karnataka Bank Education Loan to Study Abroad<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/dcb-bank-education-loan-interest-rate\/\"><strong>DCB Bank Education Loan Interest Rates<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/tax-exemption-from-an-education-loan\/\"><strong>Tax Exemption from Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/baroda-yoddha-education-loan\/\"><strong>Baroda Yoddha Education Loan for Wards of Defence Personnel<\/strong><\/a><strong>&nbsp;<\/strong><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-interest-certificate\/\"><strong>SBI Interest Certificate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/tata-capital-education-loan\/\"><strong>Tata Capital Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/what-is-a-credit-union\/\"><strong>What is a Credit Union?<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/pnb-education-loan-processing-time\/\"><strong>PNB Education Loan Processing Time<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-shaurya-education-loan\/\"><strong>SBI Shaurya Education Loan<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 c0.315,0.315,0.51,0.615,0.673,1.035c0.123,0.317,0.27,0.794,0.31,1.671c0.043,0.949,0.052,1.234,0.052,3.637 s-0.009,2.688-0.052,3.637c-0.04,0.877-0.187,1.354-0.31,1.671c-0.163,0.42-0.358,0.72-0.673,1.035 c-0.315,0.315-0.615,0.51-1.035,0.673c-0.317,0.123-0.794,0.27-1.671,0.31c-0.949,0.043-1.233,0.052-3.637,0.052 s-2.688-0.009-3.637-0.052c-0.877-0.04-1.354-0.187-1.671-0.31c-0.42-0.163-0.72-0.358-1.035-0.673 c-0.315-0.315-0.51-0.615-0.673-1.035c-0.123-0.317-0.27-0.794-0.31-1.671C4.631,14.688,4.622,14.403,4.622,12 s0.009-2.688,0.052-3.637c0.04-0.877,0.187-1.354,0.31-1.671c0.163-0.42,0.358-0.72,0.673-1.035 c0.315-0.315,0.615-0.51,1.035-0.673c0.317-0.123,0.794-0.27,1.671-0.31C9.312,4.631,9.597,4.622,12,4.622 M12,3 C9.556,3,9.249,3.01,8.289,3.054C7.331,3.098,6.677,3.25,6.105,3.472C5.513,3.702,5.011,4.01,4.511,4.511 c-0.5,0.5-0.808,1.002-1.038,1.594C3.25,6.677,3.098,7.331,3.054,8.289C3.01,9.249,3,9.556,3,12c0,2.444,0.01,2.751,0.054,3.711 c0.044,0.958,0.196,1.612,0.418,2.185c0.23,0.592,0.538,1.094,1.038,1.594c0.5,0.5,1.002,0.808,1.594,1.038 c0.572,0.222,1.227,0.375,2.185,0.418C9.249,20.99,9.556,21,12,21s2.751-0.01,3.711-0.054c0.958-0.044,1.612-0.196,2.185-0.418 c0.592-0.23,1.094-0.538,1.594-1.038c0.5-0.5,0.808-1.002,1.038-1.594c0.222-0.572,0.375-1.227,0.418-2.185 C20.99,14.751,21,14.444,21,12s-0.01-2.751-0.054-3.711c-0.044-0.958-0.196-1.612-0.418-2.185c-0.23-0.592-0.538-1.094-1.038-1.594 c-0.5-0.5-1.002-0.808-1.594-1.038c-0.572-0.222-1.227-0.375-2.185-0.418C14.751,3.01,14.444,3,12,3L12,3z M12,7.378 c-2.552,0-4.622,2.069-4.622,4.622S9.448,16.622,12,16.622s4.622-2.069,4.622-4.622S14.552,7.378,12,7.378z M12,15 c-1.657,0-3-1.343-3-3s1.343-3,3-3s3,1.343,3,3S13.657,15,12,15z M16.804,6.116c-0.596,0-1.08,0.484-1.08,1.08 s0.484,1.08,1.08,1.08c0.596,0,1.08-0.484,1.08-1.08S17.401,6.116,16.804,6.116z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Instagram<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-linkedin  wp-block-social-link\"><a href=\"https:\/\/www.linkedin.com\/company\/flyfinance\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-twitter  wp-block-social-link\"><a href=\"https:\/\/twitter.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M22.23,5.924c-0.736,0.326-1.527,0.547-2.357,0.646c0.847-0.508,1.498-1.312,1.804-2.27 c-0.793,0.47-1.671,0.812-2.606,0.996C18.324,4.498,17.257,4,16.077,4c-2.266,0-4.103,1.837-4.103,4.103 c0,0.322,0.036,0.635,0.106,0.935C8.67,8.867,5.647,7.234,3.623,4.751C3.27,5.357,3.067,6.062,3.067,6.814 c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-facebook  wp-block-social-link\"><a href=\"https:\/\/www.facebook.com\/Flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 2C6.5 2 2 6.5 2 12c0 5 3.7 9.1 8.4 9.9v-7H7.9V12h2.5V9.8c0-2.5 1.5-3.9 3.8-3.9 1.1 0 2.2.2 2.2.2v2.5h-1.3c-1.2 0-1.6.8-1.6 1.6V12h2.8l-.4 2.9h-2.3v7C18.3 21.1 22 17 22 12c0-5.5-4.5-10-10-10z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Facebook<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>RLLR relates to the repo rates set by the Reserve Bank of India based on which financial institutions further lend loans to the borrowers. It directly impacts the interest rates on the education loans or any other loan availed from the banks. Let\u2019s get into the details of RLLR rates, how they work, their role &#8230; <a title=\"A Complete Guide on RLLR: Full Form, Calculation, Related Terms\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/\" aria-label=\"Read more about A Complete Guide on RLLR: Full Form, Calculation, Related Terms\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":11883,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[406],"tags":[],"class_list":["post-11876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-full-form"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A Complete Guide on RLLR: Full Form, Calculation, Related Terms<\/title>\n<meta name=\"description\" content=\"Check here the full form of RLLR and understand how it is calculated. Know related terms and RLLR-linked interest rates on education loans.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Complete Guide on RLLR: Full Form, Calculation, Related Terms\" \/>\n<meta property=\"og:description\" content=\"Check here the full form of RLLR and understand how it is calculated. Know related terms and RLLR-linked interest rates on education loans.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/\" \/>\n<meta property=\"og:site_name\" content=\"Fly Finance\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/shubhika.garg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-25T11:16:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-25T11:16:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flyblog.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/25163713\/RLLR-Full-form.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Shubhika Garg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shubhika Garg\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"A Complete Guide on RLLR: Full Form, Calculation, Related Terms","description":"Check here the full form of RLLR and understand how it is calculated. Know related terms and RLLR-linked interest rates on education loans.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/","og_locale":"en_US","og_type":"article","og_title":"A Complete Guide on RLLR: Full Form, Calculation, Related Terms","og_description":"Check here the full form of RLLR and understand how it is calculated. Know related terms and RLLR-linked interest rates on education loans.","og_url":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/","og_site_name":"Fly Finance","article_author":"https:\/\/www.facebook.com\/shubhika.garg\/","article_published_time":"2024-04-25T11:16:38+00:00","article_modified_time":"2024-04-25T11:16:41+00:00","og_image":[{"width":1024,"height":640,"url":"https:\/\/flyblog.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/25163713\/RLLR-Full-form.webp","type":"image\/webp"}],"author":"Shubhika Garg","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shubhika Garg","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/"},"author":{"name":"Shubhika Garg","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/1f13adc00f6f67e7ed5a2fb5e97bfec6"},"headline":"A Complete Guide on RLLR: Full Form, Calculation, Related Terms","datePublished":"2024-04-25T11:16:38+00:00","dateModified":"2024-04-25T11:16:41+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/"},"wordCount":1603,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/04\/25163713\/RLLR-Full-form.webp","articleSection":["Full Form"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#respond"]}],"accessibilityFeature":["tableOfContents"]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/","url":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/","name":"A Complete Guide on RLLR: Full Form, Calculation, Related Terms","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/04\/25163713\/RLLR-Full-form.webp","datePublished":"2024-04-25T11:16:38+00:00","dateModified":"2024-04-25T11:16:41+00:00","description":"Check here the full form of RLLR and understand how it is calculated. Know related terms and RLLR-linked interest rates on education loans.","breadcrumb":{"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040616749"},{"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040618245"},{"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040619231"},{"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040620285"},{"@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040621491"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#primaryimage","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/04\/25163713\/RLLR-Full-form.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/04\/25163713\/RLLR-Full-form.webp","width":1024,"height":640,"caption":"5 Types of Financial Assistance For Funding Your Study Abroad Journey"},{"@type":"BreadcrumbList","@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fly.finance\/blog\/"},{"@type":"ListItem","position":2,"name":"Full Form","item":"https:\/\/fly.finance\/blog\/category\/full-form\/"},{"@type":"ListItem","position":3,"name":"A Complete Guide on RLLR: Full Form, Calculation, Related Terms"}]},{"@type":"WebSite","@id":"https:\/\/fly.finance\/blog\/#website","url":"https:\/\/fly.finance\/blog\/","name":"Fly Finance","description":"Explore blogs related to Education Loan, Student Bank Account, International Money Transfer, Scholarships along with latest news at Fly Finance.","publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fly.finance\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fly.finance\/blog\/#organization","name":"Fly Finance","url":"https:\/\/fly.finance\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","width":1080,"height":1080,"caption":"Fly Finance"},"image":{"@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/1f13adc00f6f67e7ed5a2fb5e97bfec6","name":"Shubhika Garg","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/df0315e532cdf62ee7275a4a65914c25f90ec1b0b137b1bf0bbca958325909f8?s=96&d=mm&r=g","caption":"Shubhika Garg"},"description":"Hey there! I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040616749","position":1,"url":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040616749","name":"What is the full form of RLLR?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"RLLR is the Repo Linked Loan or Lending Rate. It is a rate set by RBI at which is lends loans to commercial banks. Based on the same, the financial institutions further calculate their interest rates and lend loans to the borrowers.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040618245","position":2,"url":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040618245","name":"How does RLLR work?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"RLLR is reviewed by the RBI every three months as it is based on factors like inflation, borrowings, and economic trends in the country. Based on the changes in the repo rate, banks adjust their RLLR, which further influences the interest rates on various loans, including education loans.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040619231","position":3,"url":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040619231","name":"How does RLLR work for education loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Education loan interest rates linked to RLLR are determined based on the repo rate set by the RBI and the spread charged by the banks. The interest rates linked to RLLR have floating interest rates as these interest rates fluctuate based on the changes in repo rates set by the RBI.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040620285","position":4,"url":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040620285","name":"What is the difference between RLLR and MCLR?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"RLLR rates are the repo-linked lending rates. Such interest rates on loans are determined by the repo rate set by the banks and are calculated as the sum of the repo rate and spread. MCLR refers to the Marginal Cost of a Fund Based Lending Rates which are the benchmark rates below which banks are not allowed to lend. are set by the banks and are determined by the marginal cost of funds, operating costs, and tenor premium.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040621491","position":5,"url":"https:\/\/fly.finance\/blog\/full-form\/full-form-on-rllr\/#faq-question-1714040621491","name":"How frequently does RLLR change?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"RBI frequently reviews and changes the current repo rate every quarter i.e. in three months due to changes in economic trends, inflation, growth prospects, and others. Thus, RLLR-linked interest rates have floating interest rates.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/11876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=11876"}],"version-history":[{"count":3,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/11876\/revisions"}],"predecessor-version":[{"id":11886,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/11876\/revisions\/11886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/11883"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=11876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=11876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=11876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}