On this page, We are going to learn about the full form of MCLR and the meaning of MCLR, As well as the meaning, definition, and acronym for MCLR in different categories. So you should read this post till the end.
The Full Form of MCLR: Marginal Cost of Funds based Lending Rate
MCLR Stands for Marginal Cost of Funds based Lending Rate. MCFBLR is the cost of a loan that is calculated as the marginal cost of funds of the borrower in relation to the lending rate. It is calculated using the following formula: the marginal cost of funds = marginal cost of borrowing\ (lending rate) / lending rate