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The lowest interest rate a bank can charge a customer for a loan is known as the MCLR. The MCLR rates from the prior month were maintained by SBI. The rates based on MCLR will now vary from 8% to 8.75%. ....
The MCLR is the lowest interest rate at which a bank can make a loan to a customer. The banks has kept the MCLR rates unchanged from previous rates. ....