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Shift from MCLR to REPO Rate: Positive Move For Homebuyers
13 September 2019

Shift from MCLR to REPO Rate: Positive Move For Homebuyers

Shifting the benchmark and reducing borrowing costs will improve the transmission of rate cuts


After RBI’s Rate Cut, Syndicate Bank Follows Suit; Lowers MCLR Rate By 25 Bps
09 August 2019

After RBI’s Rate Cut, Syndicate Bank Follows Suit; Lowers MCLR Rate By 25 Bps

Syndicate Bank on Friday reduced its MCLR rates by 25 basis points


Must know: Marginal cost of funds based lending rate
30 August 2017

Must know: Marginal cost of funds based lending rate

MCLR is the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI


I want to take a home loan. Is there any scope of MCLR coming down?
16 July 2017

I want to take a home loan. Is there any scope of MCLR coming down?

Normally, the MCLR is fixed for a pre-defined period, which can range from a month to a year


Your home loan depends on MCLR
02 January 2017

Your home loan depends on MCLR

Your lending rates are now linked to a new benchmark called MCLR – know all about it here