Banks may specify interest reset dates on the drifting rate loans and now have year reset clause.

Posted by on Feb 10, 2020 in What Is Prosper Loans |

Banks may specify interest reset dates on the drifting rate loans and now have year reset clause. The periodicity of reset is certainly one 12 months or reduced. The MCLR prevailing regarding the time the loan is sanctioned will soon be relevant till the following reset date, regardless of the alterations in the standard through […]