The MCLR rate is used as a benchmark rate for...!

The MCLR rate is used as a benchmark rate for...! Some banks have announced a significant cut in their  Marginal Cost of Funds based Lending Rate ( MCLR) rates. The MCLR rate is used as a benchmark rate for new loans.  Essentially the banks are now aggressive on the rates…

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Terminology - Financial Planning: Debt Restructuring

Terminology - Financial Planning:  Debt Restructuring Normally personal finance portfolios have various liabilities - housing loan, personal loan, mortgage loan, credit card loans. They all have different rates of interest, diminishing balance versus (Vs) compound rates, fixe…

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Terminology - Loan - Education Loan

A loan offered to students which is used to pay off education-related expenses, like college tuition, room and board at the university, or / text books. Many of these loans are offered to students at a lower interest rate, like the Perkins loan or  / Stafford loan. In general…

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What is Education Loan

Student’s future education plans are supported with the availability of the educational loans that secures one’s life. There are years when students strived hard with the learning activities without any external support with financial issues. Educational loans were much in …

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