
MCLR And It’s Effect On A Home Loan
Until March 2016, the interest rate levied on loans were dependent on the base rate system. This benchmark was dropped to give way to the MCLR (Marginal Cost of Funds based Lending Rate) system. Let’s…
Arwind Sharma is a financial advisor with an experience of more than 7 years. He has worked for topmost financial firms in India and has been a visiting faculty at many reputed institutes in India. Currently based in Pune, Arwind Sharma is a name to reckon with when it comes to financial management for big brands. A post-graduate in business economics, he is an alumni of Princeton University, USA. During his free time, Arwind teaches children from marginalised sections of society and also work on his blog.

Until March 2016, the interest rate levied on loans were dependent on the base rate system. This benchmark was dropped to give way to the MCLR (Marginal Cost of Funds based Lending Rate) system. Let’s…

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