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MCLR Term Meaning in Real Estate - Guide
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.

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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