Latest loan interest rates of top banks: The minimum interest rate that a financial institution can charge for a specific loan is known as the Marginal Cost of the Fund-Based Lending Rate, or the MCLR. This rate sets the lowest limit for the interest rate on a loan. Let's review the present lending rates for loans provided by major banks such as SBI, HDFC Bank, Punjab National Bank, YES bank, Bank of Baroda, and IDBI Bank.
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