MCLR Vs EBLR| KNOW EVERYTHING BEFORE SWITCH OVER| WHAT EXACTLY ARE THESE RATE?

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  • Опубліковано 18 жов 2024
  • Namaskar Friends!
    This video is all about rate of interest applied to your home loan. Before availing home loan or before switch over to new rate of interest watch this video completely.
    Your one subscribe will make my day. Subscribe here : bit.ly/2C2DvXX
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    #EBLR #MCLR #RRLR

КОМЕНТАРІ • 59

  • @ganeshramasubban
    @ganeshramasubban 4 роки тому +2

    Good insights bro. Super helpful!

  • @bikrammandal8765
    @bikrammandal8765 4 роки тому +2

    Unknown fact,,,
    Thank u very much. It is very useful.

  • @saware1516
    @saware1516 3 місяці тому

    SBI Spread rate will change or it will be same throughout, home loan- EBLR

  • @parthachandra2861
    @parthachandra2861 3 роки тому +2

    Nicely explained, thanks.
    I changed my SBI home loan from MCLR to EBLR on 1st March 2021 at 6.95% ROI, presently ROI is 6.7%. When will the new ROI be effected in my loan account? Please comment.

    • @BankingHelp
      @BankingHelp  3 роки тому

      Normally every quarter changes as per the new repo rate. For this quarter the rate is unchanged.

  • @shivarajan3442
    @shivarajan3442 8 місяців тому

    Thankyou for this video.
    Does bank charge any fees for conversion of ROI in existing MCLR?
    I have home loan in MCLR and bank is asking me to pay additional fees to reduce the ROI in same existing MCLR.
    Please let me know if bank can charge any cost?

    • @BankingHelp
      @BankingHelp  8 місяців тому

      Yes one time fee is there

  • @rajanghadi2337
    @rajanghadi2337 3 роки тому +1

    very nice sir. appriciated for your help

  • @nishantkshyp
    @nishantkshyp 4 роки тому +2

    You have not mentioned, is RLLR and EBLR are same?? The video title shows the difference btw MCLR and EBLR and in between your comparison in the chart is between MCLR and RLLR.

    • @BankingHelp
      @BankingHelp  4 роки тому

      I tried to explain the concept. Whereas concept of RLLR and EBLR remains same. Right now, SBI is following Repo rate only in EBLR structure which is equivalent to RLLR.

    • @BankingHelp
      @BankingHelp  4 роки тому

      Lastly thank you for pointing out this. It was unintentional, you may think of this as EBLR.

    • @nishantkshyp
      @nishantkshyp 4 роки тому +1

      @@BankingHelp alright thanks

  • @monikamukherjee8059
    @monikamukherjee8059 4 роки тому +1

    Very helpful 👍👍

  • @preetanandi2079
    @preetanandi2079 4 роки тому

    Thanks. It’s clear that EBLR is linked to Repo rate. What about MCLR - Is it not linked or any stipulation by RBI on MCLR rate wrt to Repo ? Is there any chance that EBLR will be more than MCLR any time within an year ??

    • @BankingHelp
      @BankingHelp  4 роки тому

      If Repo rate increases rate will increase.

    • @BankingHelp
      @BankingHelp  4 роки тому

      MCLR rate is now gone, new interest rate structure will be based on EBLR only in case Home loan.

    • @BankingHelp
      @BankingHelp  4 роки тому

      Ideally MCLR rate can never be less than EBLR rate

  • @sujoynaskar8676
    @sujoynaskar8676 4 роки тому

    Agar main EMI chorke kuch extra money pay karna chahati hoon yo SBI main kaise karu? Online keya payment kar sakta hoon? Aur yo payment keya mera HBL ka Principal loan amt. Se deduct hoga? Please make a video over this.

    • @BankingHelp
      @BankingHelp  4 роки тому

      Jo bhi Extra payment karenge wo apki principal ko ghatayega. Aap online payment Kar sakte Hain.

  • @satishkate5363
    @satishkate5363 4 роки тому

    Hello sir MCLR after one year to one year kam Aur Jada or Jada Aur kam hota hai kya
    Please relpy

  • @ishvarpatel2277
    @ishvarpatel2277 4 роки тому

    Sir SBI apne loan holders ko automatically EBLR pe shift nahi ksrta? Without paying fees?

    • @BankingHelp
      @BankingHelp  4 роки тому

      No, there is no provision like this.

  • @chaitenyakumar2232
    @chaitenyakumar2232 2 роки тому

    Hi Sir, Any charges need to pay for migration from mclr to eblr?

    • @BankingHelp
      @BankingHelp  2 роки тому

      Yes, the one-time fee is to be paid.

  • @kishanmodi2888
    @kishanmodi2888 3 роки тому

    Sir, help me to take a decision.
    I need an education loan of 17L under premier insti. scheme
    SBI - 7.15% (linked with repo rate)
    Canara - 6.9% (linked with one year MCLR)
    Which one would you suggest?

    • @BankingHelp
      @BankingHelp  3 роки тому +1

      I feel REPO rate is better than MCLR. but in your case, Canara Bank option is cheaper. We don't know about future. If at all sbi interest comes down you can shift the loan from Canara Bank to sbi.

    • @BankingHelp
      @BankingHelp  3 роки тому

      I will suggest you to check alll other terms and conditions with both banks

  • @SonuKumar......
    @SonuKumar...... 10 місяців тому

    Sir mere credit score km tha to muje sbi me 8.8 ka interest rate mila ab mera cibil score thik ho gya h to kya automatic mera interest km ho jayega ...jabki mera mclr me h

  • @ganeshgite7701
    @ganeshgite7701 Рік тому

    How bank spread work in mclr nd eblr?

  • @AkashSharma__
    @AkashSharma__ 2 роки тому

    Toh sir aaj bhi MCLR continued hai kya?

  • @sujoynaskar8676
    @sujoynaskar8676 4 роки тому

    How to know that mera home loan MCLR main hai ya EBLR main hai?

  • @kannant.s7762
    @kannant.s7762 3 роки тому

    Sir, I have taken home loan from Union Bank for 20 years. As per MCLR 7.8% Interest now if I change to EBLR Interest 6.8% some thing. And to pay bank charge for changing to EBLR need to pay 6000/-. Is it benefit for me. Balance loan amount 1109000/- 17 year.

    • @BankingHelp
      @BankingHelp  3 роки тому

      Definately it will be helpful. How many months are pending for repayment?

    • @kannant.s7762
      @kannant.s7762 3 роки тому

      Balance around 17 years . around 204 months

    • @BankingHelp
      @BankingHelp  3 роки тому

      You must go for switch over then

    • @BankingHelp
      @BankingHelp  3 роки тому

      Change interest rate to Eblr

    • @kannant.s7762
      @kannant.s7762 3 роки тому +1

      @@BankingHelp thanks sir..

  • @dharmeshsharma3732
    @dharmeshsharma3732 4 роки тому +1

    Mere ko Bob walo ne MCLR me switch karne ke 2500 + GST CHARGE KIE HAI sabhi banks lete hai kya
    Aur mere bank statement me interest rate 7.6 % hai fir bhi me purani process soch ke gya bank me aur unhone MCLR ka forn chika diya
    Sir kya karu jaldi bataye

    • @BankingHelp
      @BankingHelp  4 роки тому

      Switch over fee lete hai sir .

    • @dharmeshsharma3732
      @dharmeshsharma3732 4 роки тому

      @@BankingHelp sir mera rate of interest already 8.35 se automatic 7.6 ho gaya hai statment me bhi reflect ho gya to MCLR me nhi karvvu ki karva du
      Please guide
      Bank wale dhang se ans bhi nhi dete

    • @BankingHelp
      @BankingHelp  4 роки тому

      7.6 agar Apka MCLR me Hain,Toh bank me ekbar Puch lijiye EBLR me convert Karne pe Kitna interest hoga?
      Agar 7.6 se Kam hoga toh convert Kar lijiye. Agar 7.6 se jyada Hain toh mat kijiye

    • @dharmeshsharma3732
      @dharmeshsharma3732 4 роки тому

      @@BankingHelp bank wale bolte hai pahele cheque do 2500 + Gst ka uske baad pata chalega ki kitna rate of interest hoga
      Lut ne ke bahane chahiye unko
      Fir mene pucha ki mere ko konsi wali loan sasti padegi to fir wahi baat cheque do to kuch pata chalega upar se ek baar MCLR me switch karne ke baad kabhi bhi us se bahar nhi nikal sakte

    • @BankingHelp
      @BankingHelp  4 роки тому

      Pehle aap puchiye ki Mera rate of interest Kitna kaam hoga Uske baad hi aap decide karoge ki convert Karna hai ki Nahi.
      Uske baad cheque.

  • @hinadevamurari1763
    @hinadevamurari1763 3 роки тому

    क्या एसा कभी हो सकता हे की mclr, eblr से कम हो जाए???

  • @jitendrasahu3393
    @jitendrasahu3393 4 роки тому +1

    Ap samja nhi pa rhe ho..