మీ Loan MCLR Rate లో ఉందా? | What is MCLR rate in loans? скачать в хорошем качестве

మీ Loan MCLR Rate లో ఉందా? | What is MCLR rate in loans?

మీ Loan MCLR Rate లో ఉందా? | What is MCLR rate in loans? 🎯 MCLR (Marginal Cost of Funds-Based Lending Rate) is the minimum interest rate a bank charges on loans. It’s based on how much it costs for the bank to lend money. 📉 So, when the RBI cuts the repo rate, shouldn’t my loan rate drop too? Well, yes and no! 😅 While repo-linked loans adjust quickly, MCLR takes longer to reflect the changes and doesn’t drop as much. 💡 Pro Tip: Check if your loan is linked to MCLR or the repo rate Review your loan agreement for reset periods Consider switching to repo-rate linked loans for better rates! 🔑 MCLR affects how quickly your rate adjusts, so make sure you know which one you’re on! [Telugu, Finance, Personal Finance, Loan, Loans, Home Loan, Home loan tips, Repo Rate, mclr, RBI, Interest Rate] #Telugu #HomeLoan #LoanTips #MCLR #RepoRate #InterestRates #PersonalLoan #HomeLoanInterest #telugureels To watch the best videos on investing in తెలుగు, Subscribe to Groww Telugu Channel 👉 https://bit.ly/39aLpwC and hit the 🔔 to watch our videos first. Follow us on: Facebook:   / growwtelugu   Twitter:   / _groww   Instagram:   / groww.telugu   LinkedIn:   / groww.in   Telegram: https://t.me/GrowwHQ Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes. RA Disclaimer Link - https://groww.in/p/sebi-research-anal... If you have any concerns with respect to Groww, please feel free to write to us at [email protected] or you can call us at +91 9108800000.