Base Rate for Loan
Home Loan- Get Benefit By Shifting To Base Rate
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 Will Not Affect Home Loan
Base Rate for loans is effective from July 1, 2010. Base Rate is a more objective reference number than the benchmark prime lending rate (BPLR). The impact of Base Rate for individual customers could be 25 basis points more or less when compared to the current rate of interest that is being paid. However, existing […]
