Utility News: This bank has changed its MCLR rates, loan will be available at low interest!

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You must also be in need of money sometime or other and when you do not have money, you run your business by taking a loan from the bank. In such a situation, banks charge more interest from you. But if your account is in Kotak Mahindra Bank, then you can get a loan from there at a lower interest rate.

Yes, Kotak Mahindra Bank has changed the MCLR rates for a period of one year. In such a situation, now you will also get its benefit. However, the Reserve Bank is continuously increasing the repo rate and many banks have also changed their MCLR.

As per the information, Kotak Mahindra Bank has changed its MCLR rates for various tenors. However, a reduction in one year MCLR has also been announced. That is, if you are planning to take a loan from Kotak Bank, then you can get lower loan rates than before.