Tag Archives: fixed interest rate home loan

Demystifying the New Method to Calculate Lending Rates

If you’ve kept up with the news, you might have heard that the Reserve Bank of India has introduced a new method of calculating bank lending rates. It’s called the Marginal Cost of Funds based Lending Rate. The new calculation method will replace the base rate system to make deciding the lending rates for loans much easier. Let’s tell you all about the new method.