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Jan 10, 2022

How You Can Get MSME Loans for Small business?

"A Big Business Starts Small" The world economy has suffered as a res...

Dec 29, 2021

Everything you need to know about business loans for women

Women business owners startups have picked up popularity in the countr...

Nov 29, 2021

Small businesses hit as banks freeze current accounts to meet RBI norms

  Regardless of small enterprises striving to iron out the adv...

Bank Holidays List

RBI’s list of bank holidays in all the states and union territories of India

FAQs

Repo Rate Linked Lending is the rate of lending linked to the RBI’s repo rate. Repo rate-linked lending is used by banks to calculate the retail interest rate on loans. It is an external benchmark used by commercial banks and is revised every 3 months. The volatility of interest rates linked to repo rate-linked lending is relatively lower.
MCLR is Marginal Cost of funds-based Lending Rate wherein the lender calculates the rate of interest based on the loan tenure. This is a fixed interest rate.
TBLR refers to Treasury bill Benchmark-linked Lending Rate. The interest rate is calculated basis the Treasury bill Benchmark Rate published every three months. This is a floating interest rate.