MCLR
These 6 banks have revised loan interest rates in June 2024
Marginal Cost of the Fund-Based Lending Rate (MCLR) is the minimum interest rate below which a bank or a financial institution cannot lend you loans. Here are top banks and their lending rates offered in June 2024
Loan interest rates in June 2024: These 6 banks have revised loan interest rates in June 2024
Latest loan interest rates: Banks regularly, usually on a monthly basis, assess their marginal cost of lending rates (MCLR) to account for variations in their financing costs and other pertinent aspects. Here are the top banks and their lending rates offered in June 2024, reflecting the changes in MCLR.
Latest SBI loan interest rates June 2024: State Bank of India hikes interest rates on these loans
SBI loan interest rates June 2024: The State Bank of India (SBI) has hiked the marginal cost of funds-based lending rate (MCLR) on select tenures by 10 basis points (bps), making most consumer loans costlier for borrowers.
HDFC Bank reduces interest rate on this loan: Check details
HDFC Bank has revised its marginal cost of funds-based lending rates (MCLR), according to its official website on June 7, 2024. HDFC Bank’s benchmark marginal cost of funds-based lending rates (MCLR) ranges between 8.95% and 9.35%.
Loan interest rates of top banks in May 2024: SBI, HDFC Bank, Bank of Baroda, Canara Bank, PNB
The repo rate and other loan-related rates will be taken into account when revising the MCLR on a monthly basis. Here is a look at the latest MCLR of the top 7 banks in May 2024.
HDFC Bank home loan, car loan, personal loan borrowers, check HDFC Bank latest lending rates here
The Marginal Cost of the Fund-Based Lending Rate or the MCLR is the minimum interest rate that a financial institution needs to charge for a specific loan. Check latest MCLR, base rate, benchmark PLR offered by HDFC Bank.
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Latest loan interest rates: List of banks that have revised loan rates in April
Here is a look at the latest MCLR of the top 8 banks in April 2024.
Bank loan interest rates in April 2024 compared: SBI, HDFC Bank, ICICI Bank, IDBI Bank, Yes Bank, PNB, Bank of Baroda
Latest bank loan interest rates: In April so far, some banks have revised their loan interest rates, while others banks have kept their marginal cost-based lending rates (MCLR) unchanged. Here is a look at the MCLR of the top 8 banks in April 2024.
SBI, Kotak Mahindra Bank latest MCLR, base rates: SBI loan borrowers, Kotak customers must know
State Bank of India (SBI) and Kotak Mahindra Bank MCLR: Public sector bank SBI and private sector lender Kotak Mahindra Bank has revised their marginal cost of lending rates (MCLR). The revised base rate of SBI stands at 10.25%. Read here to know the latest MCLR from both SBI and Kotak Mahindra Bank.
HDFC Bank revises interest rates on these loans; check latest loan rates
HDFC Bank has increased the benchmark marginal cost of funds-based lending rates (MCLR) by up to 5 basis points on select tenures.
Latest bank loan interest rates in February 2024
The bank has hiked its marginal cost of lending (MCLR) based lending rates by 5 basis points across various tenors with effect from February 12, 2023. The overnight rate is 8.10% from 8.05%. The one-month rate is 8.20% from 8.15%. The three-month rate is 8.30% from 8.25%. The six-month rate increased from 8.60% to 8.65%. The one-year rate is 8.85 from 8.80%.
Canara Bank revises loan rates: List of banks that have revised loan interest rates in February 2024
In February 2024, several of banks changed the interest rates on their loans. The banks that changed their loan interest rates this month are shown below.
HDFC Bank increases interest rates on loan by up to 10 bps: Check details
HDFC Bank’s MCLR ranges between 8.90 per cent and 9.35 per cent. The new rates are effective from February 8, 2023, according to the HDFC Bank website.
List of 8 banks that have revised home loan, other loan interest rates in January 2024
In January 2024, some banks revised their marginal cost-based lending rates (MCLR). Here’s the latest MCLR of the above-mentioned banks.
Bank of Baroda, Canara Bank revise loan interest rates
Bank of Baroda has hiked MCLR By 5 basis points (bps) on various tenures and Canara Bank also hiked 5 bps on various tenors.
HDFC Bank hikes loan interest rates by up to 10 bps: Check how much rates have been hiked in one year
HDFC Bank has increased the benchmark marginal cost of funds-based lending rates (MCLR) of loans by up to 10 basis points on select tenures.
9 banks that have revised home loan, other loan interest rates in December 2023
Many banks have revised their marginal cost based lending rate (MCLR) and repo-linked lending rates (RLLR) in December 2023. Notably IDBI bank, Union Bank of India, Bank of Baroda, Canara Bank, ICICI Bank, Bandhan Bank, Kotak Mahindra Bank, Punjab National Bank and Bank of India has revised their MCLR. Read here to know what the revised rates are.
SBI hikes base rate by 15 bps, loan interest rates by up to 10 bps
The State Bank of India’s (SBI) has hiked its marginal cost of funds-based lending rate (MCLR) and base rate. The new rates are effective from December 15, 2023.
HDFC Bank hikes loan interest rates by up to 5 bps: Check latest rates
HDFC Bank’s MCLR ranges between 8.70 per cent and 9.30 per cent. The new rates are effective from December 7, 2023, according to the HDFC Bank website.
ICICI Bank, PNB, Bank of India, Bandhan Bank revise loan interest rates
Private sector lenders like ICICI Bank and Bandhan Bank and public sector banks like Punjab National Bank (PNB) and Bank of India (BOI) have revised their marginal cost of lending rate (MCLR) with effect from December 1, 2023. Read here to know what is the latest MCLR rate of ICICI Bank, PNB, Bank of India and Bandhan Bank.
Latest loan interest rates November 2023: ICICI Bank, HDFC Bank, SBI, PNB, Yes Bank
Typically, the tenure options are one month, three months, six months, a year, and three years. However, the majority of consumer loans are linked to a one-year term.
Latest SBI loan interest rates November 2023: Check details
The lowest interest rate a bank can charge a customer for a loan is known as the MCLR. The MCLR rates from the prior month were maintained by SBI. The rates based on MCLR will now vary from 8% to 8.75%.
HDFC Bank hikes interest rates on these loans: Check details
HDFC Bank has increased the benchmark marginal cost of funds-based lending rates (MCLR) by up to 5 basis points on select tenures. The rates are effective from November 7, 2023.
Latest SBI loan interest rates October 2023: Check details
The MCLR is the lowest interest rate at which a bank can make a loan to a customer. The banks has kept the MCLR rates unchanged from previous rates.
Bank loan rates in October 2023: ICICI Bank, HDFC Bank, BoB, PNB, Canara Bank, Yes Bank
The marginal cost of lending rate (MCLR) is the lowest lending rate. No bank is allowed to make a loan interest rate offer below this. Here is a comparison of lending rates of banks in the month of October 2023.
Bank of Maharashtra hikes lending rate by 10 bps
Bank of Maharashtra, a state-owned bank, has increased its marginal cost of funds-based lending rate (MCLR) by 10 basis points for select tenures. The benchmark one-year MCLR has been revised to 8.60% from 8.70%. Additionally, the bank has raised its fixed deposit rates by up to 125 basis points.
HDFC Bank hikes base rate, interest rates on these loans; check latest rates
HDFC Bank has increased the benchmark marginal cost of funds-based lending rates (MCLR) by up to 10 basis points on select tenures. The bank has also hiked base rate by 5 bps and benchmark PLR by 15 bps. These rates are effective from September 25, 2023.
Loan interest rates for October 2023: ICICI Bank, PNB, Yes Bank revise these loan interest rates
ICICI Bank, Yes Bank, and Punjab National Bank (PNB) have revised their marginal cost-based lending rates (MCLR) on loans of various maturities.
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