Banks & Financial Institutions are generally free to determine the lending rates on loans and advances.  The method to arrive at Lending Rate has changed drastically over the last decade. The Lending Rate like BPLR, Base Rate, and MCLR internal benchmark rates are used by individual banks to determine the interest rates on their credits. … Continue reading What are BPLR, Base Rate, MCLR, and Repo-linked lending rate(RLLR)?