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MMFSL’s Internal Benchmark Reference Rate (MFIRR)

  • Floating rate loans which are linked to MMFSL’s Internal Benchmark Reference Rate (MFIRR)
  • The current MFIRR stands at 9.20% p.a., effective from 1st March 2026
  • Any revision in MFIRR will be carried out as per MMFSL’s internal policies
  • Updated benchmark rates will be published on this website as and when changes occur.
  • The benchmark rate applicable to a customer will be reset on a monthly basis, aligned to the customer’s loan disbursal date.
  • The spread / margin on the said loans will remain unchanged.
  • Customers are advised to check the website periodically for the latest rates