News Muncher - category mclr

2 weeks ago

HDFC Bank hikes MCLR for short-term loans. What borrowers need to know

HDFC Bank has increased its marginal cost of funds-based lending rate on short-term tenures by up to 5 basis points, effective December 7, 2024. Introduced by the Reserve Bank of India in 2016 to replace the base rate system, MCLR reflects the actual cost of funds for banks. A lower MCLR means lower interest rates and EMIs, while a higher …

Bank Loans Interest Cost Rate Rates Base

2 weeks, 5 days ago

MCLR vs Base Rate: Which one is better for you? 3 experts weigh in

Live Mint

Interest rates, be it to individuals or institutions, play a crucial role in planning finances. Two distinct rates employed to calculate the interest for any loan are the base rate and the marginal cost of funds-based lending rate. According to the Reserve Bank of India, commercial banks are required to implement a minimum lending rate that would be referred to …

Costs Loans Cost Rate Rbi Rates Banks

1 month ago

Lending rates: Top 5 banks charge these MCLR across tenures on floating rate loans

Live Mint

If you are planning to raise a floating rate loan such as home loan, it is vital to know the MCLR rates which the banks are currently charging. HDFC Bank: HDFC Bank's overnight MCLR is 9.15 percent, one month MCLR is 9.2 percent, 3-month MCLR is 9.3 percent, 6-month MCLR is 9.45 percent, one year MCLR is 9.45 percent, two …

Month Interest Rate One Year One Month Mclr Lending Rates 9 Percent

1 month ago

A big refinery, a large loan, and a bunch of eager banks

Live Mint

Mumbai: India’s top lenders are falling over each other to finance a ₹39,000 crore refinery being set up by Chennai Petroleum Corp. and Indian Oil Corp. in Tamil Nadu, in one of the largest corporate loan deals in recent times. State-owned banks like State Bank of India, Bank of Baroda and Punjab National Bank are among six lenders which have …

Loan Banks Sbi Corporate Bank

1 month, 1 week ago

EMIs to go up? SBI raises lending rates by 5 basis points for THESE tenures. Check details

Live Mint

State Bank of India has raised the marginal cost of funds based lending rates, MCLR, with effect from Friday. New lending rates with effect from Nov 15 Tenures Existing rate New rate Over night 8.20 8.20 One month 8.20 8.20 Three month 8.50 8.55 Six month 8.85 8.90 One year 8.95 9.00 Two years 9.05 9.05 Three years 9.10 9.10 …

Bank Month Base Sbi Base Rate Mclr Lending Rates

1 month, 2 weeks ago

HDFC Bank raises MCLR lending rates for THESE tenures; check here

Live Mint

HDFC Bank on Thursday raised its marginal cost of lending based rates by 5 basis points across three tenors. As per the latest rates which came into force on Nov 7, the MCLR rate for overnight now stands at 9.15 percent, which is 5 basis points higher than the earlier rate. The lending rates for other tenures i.e., 3 months, …

Month Rate Rates Base Hdfc Bank Lending Mclr

1 month, 2 weeks ago

HDFC Bank hikes loan interest rates on select short-term tenures, check details inside

India TV News

HDFC Bank on Thursday increased the Marginal Cost of Funds-Based Lending Rates for select short-term tenures from November 7, 2024. The loan rate revision, which sees an increase of up to 5 basis points, applies to the overnight, one-month, and three-year tenures, the bank said on its website. Tenor MCLR Overnight 9.15% 1 Month 9.20% 3 Month 9.30% 6 Month …

Bank Month Hdfc Bank Hdfc Tenures Rates Mclr

4 months, 1 week ago

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase

Deccan Chronicle

Mumbai: The country’s largest lender State Bank of India has raised its Marginal Cost of Funds-based Lending Rate by 10 basis points across all tenors impacting largely some old individual borrowers or companies whose loans are still linked to MCLR. According to Vipul Patel, founder, of Mortgageworld, a home loan advisory company, “While new borrowers have their loan rates linked …

Loan Cent Linked Rate Hike Whose Loans Mclr

4 months, 1 week ago

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here

News 18

State Bank of India, India’s largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points. SBI Revised MCLR Rates SBI’s overnight MCLR has increased from 8.10% to 8.20%. The changes in MCLR rates are as follows: Impact On Loans The interest rates on loans are also likely to rise by a similar measure, and EMIs …

India Sbi Mclr Pnb Rates 10 Basis Points

4 months, 1 week ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

India Bank Rate Rbi Rates Sbi Mclr

5 months, 1 week ago

SBI hikes loan interest rates from today, EMIs for personal, auto loans to rise | Check details

India TV News

SBI loan: Taking a loan from the State Bank of India, the country's largest public sector bank, has become more costly today. It's important to note that EMIs for personal and auto loans linked to the MCLR will rise, while home loans tied to the repo rate will remain unchanged. SBI's new interest rates SBI has increased the one-month MCLR …

Bank Loans Points Rates 10 Basis Points Rate Mclr Sbi Loan

6 months, 1 week ago

SBI Raises Lending Rates By 10 Basis Points, EMIs Set To Increase

ABP News

The State Bank of India, India's largest lender, has raised its marginal cost of funds-based lending rate by 10 basis points, equivalent to 0.1 per cent, across all loan tenures. Similarly, the overnight MCLR has increased to 8.10 per cent from 8.00 per cent, while the one-month and three-month MCLR rates have increased to 8.30 per cent from 8.20 per …

Loans Cent Rate Sbi Mclr Points Emis

10 months, 2 weeks ago

HDFC Bank raises MCLR by up to 10bps. Check the latest rates here

Live Mint

HDFC Bank has revised its marginal cost of funds-based lending rates, also known as MCLR. The overnight MCLR rate has been raised by 10 basis points to 8.9 percent, one-month MCLR after rising by 10 basis points is now 8.95 percent, 3-month MCLR is 9.10 percent and six-month MCLR is 9.30 percent. The one-year MCLR, which is the rate linked …

Bank Cent Rate Rbi Rates Hdfc Bank Mclr

1 year, 2 months ago

EMIs to go up! HDFC Bank hikes benchmark MCLR. Check lending rates here

Live Mint

Private sector lender HDFC Bank has hiked the benchmark marginal cost of funds-based lending rates by up to 10 basis points on select tenures. HDFC Bank loan interest rates After the latest hike, HDFC Bank's overnight MCLR is now 8.60%. HDFC Bank's Marginal Cost Of Funds-Based Lending Rates effective 7 October 2023 Overnight 8.60% 1 Month 8.65% 3 Month 8.85% …

Bank Interest Rates Month Hdfc Bank Mclr Lending Rates

1 year, 4 months ago

HDFC, ICICI, Canara among five banks that have hiked lending rates this month

Live Mint

Banks have been hiking lending rates. In August, top banks in India, including HDFC Bank, ICICI Bank, Bank of Baroda, and Bank of India increased their marginal cost of funds-based lending rate. HDFC Bank MCLR rates in August 2023 HDFC Bank has hiked benchmark marginal cost of funds-based lending rates by 15 basis points on select tenures with effect from …

Bank Loan Rate Rates Hdfc Bank Hdfc Lending

1 year, 5 months ago

Bandhan Bank revises FCNR deposits, lending rates from 1 July

Live Mint

Private sector lender, Bandhan Bank has revised its Foreign Currency Non-Resident Account deposit rates for July month. FCNR deposits: As per the bank's website, for July 2023, Bandhan Bank is offering 4.56% in USD for tenures from 1 year to less than 5 years. MCLR: Bandhan Bank has revised its marginal cost of funds-based lending rates effective from July 1, …

Interest 1 Year Lending Rate Bandhan Bank Lending Rates Fcnr

1 year, 6 months ago

EMIs alert: IndusInd Bank hikes lending rates; RBL Bank cuts MCLR

Live Mint

Two private sector lenders IndusInd Bank and RBL Bank have made key changes in their marginal cost of funds-based lending rates for select tenures. While IndusInd has increased its MCLR rate by 5 basis points to 10 basis points, on the contrary, RBL Bank has trimmed this benchmark lending rate by 10 basis points. IndusInd Bank: IndusInd increased MCLR by …

Bank Loans Tenure Indusind Bank Mclr Lending Rate Rbl Bank

1 year, 8 months ago

HDFC Bank slashes MCLR by up to 85 bps on these tenures; check here

Live Mint

HDFC Bank, one of India's leading banks, has recently announced a reduction in its Marginal Cost Based Lending Rate for specific tenures by up to 85 basis points. The overnight MCLR has been reduced by 85 basis points, now standing at 7.80 per cent compared to the previous rate of 8.65 per cent. Additionally, the one-month MCLR has been lowered …

Bank Cent Rate Points Hdfc Bank Basis Mclr

1 year, 10 months ago

SBI’s home loan interest rates change from today, benchmark lending rates up

Live Mint

Home loan interest rates at the State Bank of India have changed from Wednesday onward as the lender hiked lending rates of key benchmarks. Latest SBI home loan rates: Regular Home loan, Flexipay, NRI, Non-Salaried, Privilege, APON Ghar: Under the campaign offer, SBI is giving a concession of 30 bps to 40 bps to borrowers with a credit score from …

Credit Normal Loan Home Loans Score Rate Rates

1 year, 10 months ago

SBI Hikes Home Loans Rates. Check Revised Lending Rates For HDFC, PNB, BoB

ABP News

India’s top lender State Bank of India has raised the marginal cost of funds-based lending rate by 10 basis points. The hike comes within a week after the Reserve Bank of India raised its repo rate by 25 bps to 6.50 per cent. SBI has raised the overnight MCLR rate by 10 bps to 7.95 per cent from 7.85 per …

Bank Loans Cent Rate Rates Raised Pnb

1 year, 10 months ago

SBI hikes lending rates by 10 bps across tenures; loan EMIs set to rise

Live Mint

The country's largest lender, State Bank of India has hiked the marginal cost of funds-based lending rate by 10 basis points across tenures, making most consumer loans such as auto or home loans costlier for borrowers. The overnight MCLR rate has been revised upward by 10 bps to 7.95 per cent from 7.85 per cent, while that of one month …

Bank Loans Loan Cent Rate Mclr 10 Bps

1 year, 10 months ago

PNB, Bank of Baroda raise lending rates by up to 25 bps after repo rate hike

Live Mint

Public sector lenders Punjab National Bank and Bank of Baroda have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank of India earlier this week. Punjab National Bank announced that it has effected a 25 basis point increase in the repo linked lending rate from 8.75 per cent to 9 per …

Bank Cent Rate Rbi Pnb Bank Of Baroda 5 Bps

1 year, 10 months ago

Bank of Baroda hikes MCLR from 12 Feb; loan EMI burden to increase

Live Mint

Public sector lender Bank of Baroda on Thursday said it has approved the revision in marginal cost of funds-based lending rates by 5 basis points across MCLR tenors. This comes a day after the Reserve Bank of India delivered another rate hike, increasing repo rate by 25 basis points to 6.50 per cent. The overnight MCLR rate has been revised …

Bank Loan Cent Rate Emi Mclr

1 year, 11 months ago

IDBI Bank Hikes Lending Rates by 20 Basis Points Across Loan Tenures

News 18

Across all loan tenures, IDBI Bank has increased lending rates by 20 basis points. According to the bank, the overnight MCLR rate has been increased to 7.65%, while the rates for loans with terms of one month to six months have both increased by 20 basis points to 7.8% and 8.3%, respectively. Marginal Cost of Fund-based Lending Rate of IDBI …

Bank Interest Rate Deposits 20 Basis Points Increased Idbi

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Articles for Mclr

HDFC Bank hikes MCLR for short-term loans. What borrowers need to know

MCLR vs Base Rate: Which one is better for you? 3 experts weigh in

Lending rates: Top 5 banks charge these MCLR across tenures on floating rate loans

A big refinery, a large loan, and a bunch of eager banks

EMIs to go up? SBI raises lending rates by 5 basis points for THESE tenures. Check details

HDFC Bank raises MCLR lending rates for THESE tenures; check here

HDFC Bank hikes loan interest rates on select short-term tenures, check details inside

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase

SBI Hikes MCLR-based Lending Rates By 10 BPs; Check Details Here

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

SBI hikes loan interest rates from today, EMIs for personal, auto loans to rise | Check details

SBI Raises Lending Rates By 10 Basis Points, EMIs Set To Increase

HDFC Bank raises MCLR by up to 10bps. Check the latest rates here

EMIs to go up! HDFC Bank hikes benchmark MCLR. Check lending rates here

HDFC, ICICI, Canara among five banks that have hiked lending rates this month

Bandhan Bank revises FCNR deposits, lending rates from 1 July

EMIs alert: IndusInd Bank hikes lending rates; RBL Bank cuts MCLR

HDFC Bank slashes MCLR by up to 85 bps on these tenures; check here

SBI’s home loan interest rates change from today, benchmark lending rates up

SBI Hikes Home Loans Rates. Check Revised Lending Rates For HDFC, PNB, BoB

SBI hikes lending rates by 10 bps across tenures; loan EMIs set to rise

PNB, Bank of Baroda raise lending rates by up to 25 bps after repo rate hike

Bank of Baroda hikes MCLR from 12 Feb; loan EMI burden to increase

IDBI Bank Hikes Lending Rates by 20 Basis Points Across Loan Tenures