External Benchmark Lending Rate definition

External Benchmark Lending Rate or “EBLR” in relation to rate of Interest means the market determined reference rate used by USFB in conformity with the guidelines of RBI to determine the interest rates on loans, which is subject to review by USFB periodically. The prevailing EBLR is as mentioned on the Website.
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External Benchmark Lending Rate in relation to rate of Interest means the market determined reference rate used by the Bank in conformity with the guidelines of RBI to determine the interest rates on loans, which is subject to review by the Bank periodically. The prevailing External Benchmark Lending Rate is as mentioned on the Website.
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Examples of External Benchmark Lending Rate in a sentence

  • Also, during tenure of the Facility, USFB shall have the right to shift the basis of External Benchmark Lending Rate to any other permissible reference rate as per the guidelines of RBI or as per its policy.

  • Also, during tenure of the Loan, USFB shall have the right to shift the basis of External Benchmark Lending Rate to any other permissible reference rate as per the guidelines of RBI or as per its policy.

  • The actual lending rate shall be determined by adding the components of Spread to MCLR or External Benchmark Lending Rate (of appropriate tenure).

  • The Borrower is aware and acknowledges that interest shall be computed as per the prevalent policy of the Bank, and shall be benchmarked to Marginal Cost of fund-based Lending Rate (“MCLR”) or External Benchmark Lending Rate (“EBLR”) or such other rate duly notified by the Bank in its branches, outlets, offices or website, and interest shall be subject to the changes due to the applicable laws or RBI guidelines and/or internal policy of the Bank.

  • If the Loan is availed on Floating Rate of Interest, the Rate of interest shall be linked to MCLR or External Benchmark Lending Rate or such other rate duly notified by USFB in its branches, outlets, offices or Website, and the term MCLR or External Benchmark Lending Rate is a tenure linked benchmark, arrived based on the corresponding tenure of a particular advance/facility.

  • Also, during tenure of the Facility, the Bank shall have the right to shift the basis of MCLR or External Benchmark Lending Rate to any other permissible reference rate as per the guidelines of RBI or as per the Bank’s policy.

  • The actual lending rate shall be determined by adding the components of Spread to MCLR or External Benchmark Lending Rate of appropriate tenure.

  • In case the Loan is an Adjustable Rate Home Loan (floating)(“ARHL”) Amount of Loan Rs................................(Rupees only) Interest Interest Rate/ Rate of Interest shall be % p.a., subject to reset by the Bank of Reference Rate as per IRRRC PEMII shall be % p.a Interest Rate= Reference Rate i.e., External Benchmark Lending Rate ("EBLR") of HDFC Bank Limited i.e. Repo Rate of ....……............

  • The term MCLR or External Benchmark Lending Rate is a tenure linked benchmark, arrived based on the corresponding tenure of a particular advance/facility.

  • The adjustable rate will be based on the External Benchmark Lending Rate (EBLR) as announced by the Bank from time to time as applicable for adjustable interest Loan accounts.