Repo Linked Benchmark Lending Rate (RBLR) definition
Repo Linked Benchmark Lending Rate (RBLR) means reference rate for your loan, which is benchmarked, to the Repo Rate published on a predetermined date by the Reserve Bank of India from time to time. The RBLR will be determined by adding a markup (part of spread) to the Repo Rate published by RBI as detailed in the Schedule. In the event the predetermined date is not a Business Day, then the immediately succeeding Business Day’s rate will be used. The RBLR as arrived at above will be published by the Bank and shall act as the reference rate for determining the applicable Rate of Interest payable on the Loan.