Latest MCLR Rates of all Banks

Here is the comparison of MCLR (Marginal Cost based Lending Rates) rates of all the major banks in India. These MCLR Rates are updated from time to time. Lowest MCLR is of State Bank of India. MCLR Rate is the minimum lending rate and all the loan products are linked to this MCLR rate. Check Lowest Interest on Home Loan 

MCLR rates of all major banks in India:

Bank MCLR Last updated
Axis Bank MCLR 8.25% 18 Jan 2017
Bank of Baroda MCLR 8.35% 07 Apr 2017
Bank of India MCLR 8.50% 07 Apr 2017
Canara Bank MCLR 8.45% 07 Jan 2017
Central Bank of India MCLR 8.40% 01 May 2017
Corporation Bank MCLR 9.75% 15 Apr 2017
Dena Bank MCLR 8.65% 01 May 2017
Deutsche Bank MCLR 9.30% 07 Apr 2017
HDFC Bank MCLR 8.15% 07 Apr 2017
HSBC MCLR 7.70% 01 May 2017
ICICI Bank MCLR 8.20% 01 Apr 2017
IDBI Bank MCLR 8.95% 01 Feb 2017
Indian Bank MCLR 8.50% 07 Apr 2017
Indian Overseas Bank MCLR 8.65% 07 Jan 2017
Indusind Bank MCLR 9.10% 17 Apr 2017
Kotak Mahindra Bank MCLR 8.80% 01 May 2017
OBC MCLR 8.60% 01 May 2017
PNB MCLR 8.35% 01 May 2017
Punjab & Sind Bank MCLR 8.75% 05 Apr 2017
SBI MCLR 8.00% 01 May 2017
Standard Chartered Bank MCLR 8.95% 07 Apr 2017
Syndicate Bank MCLR 8.75% 10 Apr 2017
Uco Bank MCLR 8.60% 10 Apr 2017
Union Bank of India MCLR 8.50% 01 May 2017
Vijaya Bank MCLR 8.65% 07 Feb 2017
Yes Bank MCLR 8.80% 02 May 2017

 

The MCLR rates given above are one year rates, MCLR rates for tenor less than and more than one year will be different.

Also Read:

BankersClub

Recent Posts

Vacancies for CGM, GM, DGM and AGM increased in all Public sector banks.

Finance minister has approved revision in CGM level post in public sector banks. Earlier, the…

4 weeks ago

What is working Capital?

Working Capital is a financial indicator of operational liquidity of a business organization. Working Capital…

1 month ago

What is Pari Passu Charge | Simple Explanation

Meaning of pari passu charge - Pari-passu is a Latin phrase, which means "equal footing". …

1 month ago

Simplified Turnover Method for working capital assessment: FAQs

The Simplified Turnover Method is normally used by banks in order to assess the working…

1 month ago

Difference between LC and SBLC – Simplified

Letter of Credit (LC) and the ‘Standby Letter of Credit' (SBLC) are used by Importers…

1 month ago

Punjab National Bank Doubles Diwali Gift for Employees

Punjab National Bank (PNB) has announced a Diwali surprise event for its employees. To express…

1 month ago