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Typically, the tenure options are one month, three months, six months, a year, and three years. However, the majority of consumer loans are linked to a one-year term. ....
ICICI Bank and Bank of India have revised their marginal cost-based lending rates (MCLR) on loans of various maturities. According to the banks websites, the increased interest rates will come into effect from November 1, 2023. ....
The marginal cost of lending rate (MCLR) is the lowest lending rate. No bank is allowed to make a loan interest rate offer below this. Here is a comparison of lending rates of banks in the month of October 2023. ....
Here is a look at the latest MCLRs of ICICI Bank and PNB. According to the bank websites, the increased interest rates will come into effect from September 1, 2023. ....