Banking
MCLR
pronounced: [M-C-L-R]
Marginal Cost of Funds based Lending Rate is the internal benchmark rate used by banks to determine interest rates on loans.
It is revised monthly and ensures lending rates reflect current market conditions.
Key Facts
| Fact | Value |
|---|---|
| Interest Compounding | Monthly |
Frequently Asked Questions
Related Terms
Last updated: 21 May 2026