What is difference between base rate and Mclr?
By IndianMoney , 9 months ago
IndianMoney
9 months ago
1. MCLR rate is based on the incremental or marginal cost of the funds, the base rate is based on the overall average cost of the funds. 2. MCLR is calculated by regarding the tenor premium while the base rate is calculated by taking into consideration the minimum profit margin or rate of return on loan.
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