Welcome to Prime Lending, your trusted partner in achieving your financial goals! At Prime Lending, we understand the importance of finding the right lending solutions tailored to your needs. Whether you're looking to purchase your dream home, refinance an existing mortgage, or consolidate debt, we're here to help you navigate the lending process with confidence and ease.- **Prime Lending Rate (MCLR)**: The Marginal Cost of Funds based Lending Rate (MCLR) is the benchmark lending rate in India. - **Range**: Typically ranges from 7% to 9% as of 2024. - **Purpose**: It is the minimum interest rate at which banks lend to their most creditworthy customers. - **Influence**: Serves as a benchmark for rates on various loans, including home loans, personal loans, and business loans. - **Factors Affecting MCLR**: - Bank's cost of funds - Operating expenses - Reserve Bank of India's monetary policies - **Customer Advice**: Compare offers from different banks, considering interest rates and associated fees for the best loan options.