The Marginal Cost of Funds Based Lending Rate (MCLR) was introduced in April 2016 to help borrowers availing various loans (including home loans) benefit from the Reserve Bank of India’s (RBI ...
Both one year and three year tenor will have the revised rate of 9.25% from their existing 9.35% rate. Further for five-year tenor, the new MCLR rate is 9.45% from current 9.55%. These new rates ...
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