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Mumbai: HDFC Bank has announced a reduction in its loan interest rates, offering relief to customers with home, car, or personal loans linked to the Marginal Cost of Funds Based Lending Rate (MCLR).
The Marginal Cost of the Fund-Based Lending Rate or MCLR is the minimum interest rate a financial institution needs to charge for a specific loan. It dictates the lower limit of the interest rate for ...
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Home loan EMIs are likely to fall going ahead at HDFC Bank. The largest bank of India has trimmed its benchmark lending rates, called MCLR on selective tenures. The cut is to the tune of 10 basis ...
HDFC Bank has reduced its Marginal Cost of Funds-based Lending Rates (MCLR), which will benefit borrowers whose loans are linked to this benchmark. The bank has lowered its MCLR rates by up to 10 ...
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