People who have taken out home loans at floating rates of interest are projected to benefit from upcoming changes in how banks price these loans. The Reserve Bank of India (RBI) is preparing to ban lending below the prime lending rate (PLR), the benchmark rate for all floating-rate bank loans. This move is expected to impact a significant number of home buyers who have opted for floating-rate loans. Floating-rate loans have been a popular choice due to their flexible interest rates, which adjust based on market conditions. These changes could potentially lead to more transparency and fairness in the lending process, benefiting borrowers directly. The practice of sub-PLR lending was introduced a decade ago when banks received authorization from the central bank to lend below the benchmark rate. This practice was initially aimed at providing more affordable options for home buyers, but it has since been subject to scrutiny and evaluation by the RBI, leading to the upcoming changes in lending policies.