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HDFC Bank gave a shock to customers, increased interest rates on car, home and personal loans, know how much your EMI increased

HDFC Bank gave a shock to customers, increased interest rates on car, home and personal loans, know how much your EMI increased

HDFC Bank Loan: While announcing the monetary policy, the Reserve Bank of India has kept the repo rate at 6.5 percent. Meanwhile, the country’s largest private bank HDFC has given a big shock to the customers. The bank has increased its interest rates. The bank has increased its Marginal Cost of Lending Rates i.e. MCLR. … Read more

HDFC gave a big blow to its customers, increased the loan interest rate, know how much your EMI will increase.

HDFC gave a big blow to its customers, increased the loan interest rate, know how much your EMI will increase.

What is benchmark marginal cost of landing rate? Benchmark Marginal Cost of Landing Rate (Benchmark Marginal Cost of Lending Rate – MCLR) is a specified financial parameter that banks set for their business loans. This rate is a part of the lending policies of financial institutions for their various loan products. The borrowing and lending … Read more