Personal Finance Should you opt for a home loan balance transfer to take advantage of MCLR cut? Updated : July 10, 2020 01:43 PM IST There is often a reset-period for MCLR-based home loans, after which the rates get revised for borrowers. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.