scheduleLimited-time priceNISM Premium ₹199₹499· 60% offEnds 15 August, Independence DayClaim offerarrow_forward

translateGLOSSARY · BANKING

What is Repo-Linked Lending Rate (RLLR)?

RLLR is a lending rate tied directly to the RBI's repo rate, so loans reprice quickly when the repo rate changes.

PrepClever Glossary · Banking

updateUpdated July 2026

Formula

RLLR = Repo Rate + Bank's Spread/Margin

Since 2019 the RBI has required banks to link new floating-rate retail and MSME loans to an external benchmark, most commonly the repo rate. This makes rate transmission faster and more transparent than the older MCLR system — when the repo rate moves, RLLR-linked EMIs adjust promptly.

lightbulb

Example

If the repo rate is 6.50% and the bank's spread is 2.65%, the RLLR is 9.15%.

info

Relevant NISM series

JAIIBIBPS PORBI Grade B

See Repo-Linked Lending Rate (RLLR) in exam questions

1,200+ NISM practice questions. Free to start.

Start Practice Free

Related Terms

menu_book

Glossary

Repo Rate

menu_book

Glossary

MCLR (Marginal Cost of Funds based Lending Rate)

arrow_backBack to full glossary

FAQs about Repo-Linked Lending Rate (RLLR)

Why did the RBI mandate external benchmark (RLLR) loans?add

To ensure faster, more transparent transmission of policy-rate cuts and hikes to borrowers, which internal benchmarks like MCLR were passing on too slowly.

Where to go from here

Repo-Linked Lending Rate (RLLR) is one term in a much larger syllabus. These are the fastest routes into the rest of it.

quizPractice Questionsarrow_forward1,200+ SEBI-pattern MCQs, each with a worked solution rather than just the right option.timerFree Mock Quizarrow_forwardA timed quiz you can take right now in the browser — no sign-up, instant score.menu_bookStudy Notesarrow_forwardChapter-by-chapter explainers written to be read in five minutes, not five hours.routeLearning Pathwaysarrow_forwardGuided routes into real roles — Research Analyst, Mutual Fund Distributor and more.grid_viewAll 26 NISM Seriesarrow_forwardBrowse every certification, its syllabus and who each one is actually for.descriptionThe NISM Guidearrow_forwardRegistration, fees, pass marks and exam-day logistics, start to finish.

Master every term that matters

Practice NISM questions that test Repo-Linked Lending Rate (RLLR) and 200+ other key concepts.

Start Free Trial