Page 3 - Mclr Rates

Bank of Baroda cuts MCLR by up to 10 bps; home, auto loans to get cheaper

With this reduction, the one-year MCLR has come down to 8.15 per cent per annum from 8.25 per cent, according to a bank statement; it will be effective from February 12, 2020

SBI cuts MCLR for ninth straight month making auto, home loans cheaper

The bank also reduced interest rate on term deposits - retail and bulk - by 10-50 basis points (bps) across various tenors

Existing home loan borrowers must move to external benchmark loans

Yes, there will be some cost, but it will be limited to administrative and legal expenses

Allahabad Bank to slash MCLR across tenors by 5 bps from Saturday

The one-year MCLR is the benchmark to price most of consumer loans such as auto and personal

Bank of Baroda and HDFC Bank cut MCLR by 5 bps and 15 bps respectively

HDFC Bank had also cut its MCLR by 10 bps across tenures last month

UCO Bank cuts MCLR by 10 basis points across tenors, revises rate to 8.3%

The revised one-year MCLR now stands at 8.30 per cent, down from the existing 8.40 per cent, the state-run lender said in a release.

Top headlines: SBI's MCLR rate cut, Lodha India's richest realtor and more

This is the eighth cut in MCLR in this financial year and follows a 5 bps reduction last month

In 8th cut this year, SBI reduces MCLR by 10 bps across all tenors

The one year MCLR has come down to 7.90 per cent per annum from 8.00 per cent per annum with effect from December 10, 2019

Still paying high interest on loans? Compare, choose best offer, switch!

Bargain with your current home loan lender first before deciding to shift to a new player

In 7th cut this year, SBI reduces MCLR by 5 bps across all tenors

Additionally, the lender has revised interest rates on term deposits with effect from November 10, 2019

SBI cuts MCLR by 5 bps across all tenors, reduces fixed deposit rates

With this reduction, the one year MCLR, to which most of its loan prices are linked, will come down to 8 per cent

SBI to cut MCLR by 10 basis points across all tenors from Oct 10

The one-year marginal cost of funds-based lending rate (MCLR) would come down to 8.05% from 8.15% from October 10

SBI cuts MCLR by 10 basis points, slashes term deposit rates by 20-25 bps

Bank official hints at another round of rate cuts following low credit offtake

Bank of Maharashtra cuts benchmark one-year MCLR by 0.10% to 8.60%

The one-year MCLR is the benchmark against which most customer loans such as auto, personal and home loans are priced.

How opaque MCLR allows looting of borrowers

Will the RBI check what 'operating costs' are being loaded into MCLR calculations?

Tipping Point: What is MCLR?

If you took a home loan after April 2016, it would be linked to a benchmark called MCLR

HDFC Bank, Canara Bank cuts MCLR rates

The new rates are effective from January 7th