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What is Marginal Cost of funds based Lending rate?

Wednesday, September 19, 2018, 4:08 PM

MCLR is closely linked with the repo rate and the cost of funds of a bank. It is the minimum interest rate that a bank can charge on Home Loans. Banks add a small percentage of spread to the MCLR and the resultant figure is the rate of interest charged on Home Loans.
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