RBI Policy, Dec. 5 -- Reserve Bank of India's (RBI's) monetary policy committee cut the repo rate by 25 basis points from 5.5% to 5.25% on Friday, implicitly urging banks to slash their lending rates on long tenor loans, especially home loans.

Notably, home loans can be linked to base rate, MCLR (marginal cost of lending rate) or EBLR (external benchmark lending rate). The immediate impact of repo rate cut is typically seen when the lending rate is linked to the external benchmark aka repo rate.

Although loans linked to MCLR are also meant to follow the same trajectory as repo rate, the change - at times - is not proportionate. For example, a cut of 25 basis points may result into a cut of 10 bps.

Here we list out the current variable ...