Understanding MCLR and Its Impact On Indian Home Loan Interest Rates 2023
MCLR is the new buzzword in the finance world. But what exactly is MCLR? And, how will it affect your home loan interest rates in 2023? Read on to know more. What is MCLR? To improve the lending rate system, the Reserve Bank of India introduced the MCLR – Marginal Cost of Funds-based...