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Source: Live Mint Interest rates, be it to individuals or institutions, play a crucial role in planning finances. Two distinct rates employed to calculate the interest for any loan are the base rate and the marginal cost of funds-based lending rate (MCLR). So let’s look at the rates at work and how they help keep…
Source: Live Mint HDFC Bank on Thursday raised its marginal cost of lending based rates (MCLR) by 5 basis points across three tenors. These tenures are overnight, one month and 3 years. As per the latest rates which came into force on Nov 7, the MCLR rate for overnight now stands at 9.15 percent, which…
Source: Live Mint HDFC Bank has revised its Marginal Cost of Lending-based interest rates (MCLR) with effect from Saturday i.e., September 7. Now, the MCLR based lending rates will be in the range of 9.10 to 9.45 percent per annum. However, only MCLR for 3-month tenure has been raised by 5 basis points. The rates…
