Home - Loans & Advances - Loan FAQ - What is Interest Rate Reset Clause ?

What is Interest Rate Reset Clause ?

Interest Rate Reset Clause – An ‘interest rate re-set’ clause allows a bank to review and reset rates at the end of a specified period of time based on interest rates prevailing at that time..

Get Daily Updates On Banking, Enter your email address:

Discuss Your Query :

x

Check Also

mclr calculation

Basic Details of Marginal Cost of Funds based Lending Rate (MCLR) By RBI

Marginal Cost of Funds based Lending Rate (MCLR) is a new lending rate introduce by ...