UCO Bank reduced its marginal cost of fund-based lending rate by 10 basis points across tenures after the RBI cut the repo rate by 50 bps on Friday. The MCLR has been reduced across all tenors. This ...

RBI cuts repo rate to 5.50%. Borrowers with MCLR or base rate loans could save up to ₹8.5 lakh by switching to repo-linked ...

The Marginal Cost of Funds Based Lending Rate (MCLR) was introduced in April 2016 to help borrowers availing various loans (including home loans) benefit from the Reserve Bank of India’s (RBI ...

If you are moving from MCLR to the benchmark-linked rate within the same bank, the lender may not re-evaluate you. (Photo: iStock) When the Reserve Bank of India (RBI) made it mandatory for banks ...

Repo-linked loans—also known as External Benchmark Lending Rate (EBLR), Repo Based Lending Rate (RBLR), or Repo Linked ...

Punjab National Bank (PNB), Indian Bank, UCO Bank, Bank of India (BoI) and Karur Vysya Bank (KVB) announced reduction in certain key rates in the backrop of the Reserve Bank of India on Friday ...

RBI cuts repo rate by 50 bps to 5.5%, making home loans cheaper. Borrowers with repo-linked loans to see quicker EMI relief; ...

Home, personal, and car loans tied to external benchmarks, such as the repo rate, will see an immediate downward reduction.