HDFC Bank loan rates: Borrowers with home, auto, or personal loans connected to the MCLR will see their interest rates adjusted at the time of their next reset period, in line with the revised rates. Learn about MCLR and Base Rate, their differences, calculation methods, impact, deadlines for MCLR disclosure, and how to convert Base Rate to MCLR easily. How is MCLR calculated? MCLR is determined internally by the bank depending on the period left for the repayment of a loan. MCLR is closely linked to the actual deposit rates and is calculated based on four components: the marginal cost of funds negative carry on account of cash reserve ratio operating costs tenor premium. MCLR is the minimum lending rate set by banks based on their marginal cost of funds. Learn how MCLR affects your loan interest rates, how to calculate it, and how it differs from base rate and RPLR.
