fbpx

MCLR: How It Made Home Loans Cheaper

This Article describes how MCLR is benefitial?3 min


122
122 points

MCLR refers to the marginal cost of funding based on lending rates. Simply put, by the MCLR method, banks decide its minimum rate of interest for Home Loans. Hence, they serve as an internal benchmark or as reference rates for banks to decide interest rates for home loans. 

As there are tons of home loan tax benefits available to a borrower, it becomes essential to know more about the functions of MCLR.

What is MCLR?

MCLR or Marginal Cost of Funds based Lending Rates is the minimum interest rates beyond which a bank cannot provide a loan. In other

To see the full content, share this page by clicking one of the buttons below

Like it? Share with your friends!

122
122 points
Aditi Ahuja

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format

Send this to a friend