Related terms: EBLR (External Benchmark Lending Rate), MCLR (Marginal Cost of Funds based Lending Rate), Floating Interest Rate.
Published 12 Nov 2026
Glossary
Repo Rate
The repo rate is the rate at which the Reserve Bank of India lends short-term money to banks. The Monetary Policy Committee sets it at its scheduled meetings. Many floating-rate loans are linked to it through external benchmarks, so a change in the repo rate can change loan rates. LOANZ 360 shows th