The home loan borrowers have faced another shock when the RBI hiked its repo rate consecutively second time in last two months. The latest revision on repo rate is announced on 1st August in which an increase of 25 basis… Continue Reading →
Marginal Cost of funds based Lending rate (MCLR) is a new method introduced by Reserve Bank of India which has replaced ‘Base Rate.’ The Base Rate was introduced by RBI in year 2010 to regulate the lending and borrowing system… Continue Reading →
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