Base Rate is one of the reforms on banking system by RBI to reduce the lending risk for banks. Before setting the base rate system, banks used Prime Lending Rate (PLR) to set their lending rates. RBI come up with the new Base Rate system where banks can lend the loans based on the new [...]
Base Rate for Home Loan
Articles and Resources about Base Rate for Home Loan
Home Loan- Get Benefit By Shifting To Base Rate
Friday, August 6th, 2010Base Rate Will Not Affect Home Loan
Friday, July 23rd, 2010Base Rate for loans is effective from July 1, 2010. Base Rate is more objective reference number than the benchmark prime lending rate (BPLR). The impact of Base Rate for individual customer could be an increase or decrease of 25 basis points compared to the current rate of interest they are paying. However, existing customers [...]
