Category Archives: Articles

MCLR Lending Rates Make Home Loans Cheap: Here Is What This Means For You

Banks are offering lower floating rates on Home Loans under MCLR post demonetisation. Switching your loan to MCLR may be a good idea. Read on to know more.

What Is Marginal Cost Of Funds Based Lending Rate?

In April 2016 the Reserve Bank of India introduced the Marginal Cost of Funds based Lending Rate (MCLR) calculation for setting the interest rate on loans. Here’s a quick read to refresh your understanding of it.