MCLR Term Meaning in Real Estate - Guide

Marginal Cost of funds based Lending rate (MCLR) is an internal benchmark or reference rate for a bank.

Kopal Cheema

6 years ago

Published Date: Jun 05, 2018

Updated Date: Mar 27, 2024

The Reserve Bank of India introduced a rate based on the banks' marginal cost of funds, called MCLR. It indicates a bank's marginal cost of borrowing and is used as a benchmark rate for setting the interest rate on bank loans. Banks cannot lend below this rate.

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