MCLR Rate June 2017 – Compare SBI, HDFC, Axis, ICICI, Kotak Yes Bank MCLR Rates

 

(Updated on 06.06.17) Banks MCLR Rate June 2017 loansninsurances.com provides Marginal Cost of Funds Based Lending Rate (MCLR) of ✓ SBI ✓ UBI ✓ PNB ✓ BOB ✓ HDFC ✓ Axis ✓ Kotak ✓ ICICI ✓ Canara Bank ✓ Allahabad Bank ✓ Dena Bank ✓ Andhra Bank ✓ Bank of India ✓ Bank of Maharashtra ✓ IDBI ✓ ING Vysya ✓ United Bank ✓ Indian Bank & more as per RBI guidelines.

Which bank offers best MCLR rates in India 2016?

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As per RBI guidelines MCLR major benefits to customers:

✓ The MCLR will be a tenor linked internal benchmark.
✓ Actual lending rates will be determined by adding the components of spread to the MCLR.
✓ Banks will review and publish their MCLR of different maturities every month on a per-announced date.
✓ Banks may specify interest reset dates on their floating rate loans. They will have the option to offer loans with reset dates linked either to the date of sanction of the loan/credit limits or to the date of review of MCLR.
✓ The periodicity of reset shall be one year or lower.
✓ The MCLR prevailing on the day the loan is sanctioned will be applicable till the next reset date, irrespective of the changes in the benchmark during the interim period.

TENOR MCLR
STATE BANK OF INDIA MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 7.75%
One Month 7.85%
Three Months 7.90%
Six Months 7.95%
One Year 8.00%
Two Years 8.10%
Three Years 8.15%
UNION BANK OF INDIA MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 8.00%
One Month 8.20%
Three Months 8.25%
Six Months 8.35%
One Year 8.50%
Two Years 8.55%
Three Years 8.60%
BANK OF BARODA MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight MCLR 8.10%
1 Month MCLR 8.15%
3 Months MCLR 8.20%
6 Months MCLR 8.30%
1 year MCLR 8.35%
3 years MCLR 8.50%
5 years MCLR 8.65%
ALLAHABAD BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight MCLR 8.15%
1-Month MCLR 8.25%
3-Months MCLR 8.45%
6-Months MCLR 8.55%
1-Year MCLR 8.60%
ICICI BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 8.00%
One Month 8.00%
Three Months 8.10%
Six Months 8.15%
One Year 8.20%
HDFC BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 7.85%
1 month 7.90%
3 months 7.90%
6 months 8.00%
1 year 8.15%
2 years 8.20%
3 years 8.30%
AXIS BANK MCLR RATE – WITH EFFECTIVE FROM 04.05.2017
Overnight 7.90%
One month 7.90%
Three months 8.05%
Six months 8.15%
One year 8.25%
Two years 8.30%
Three years 8.35%
CANARA BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight MCLR 8.20%
One Month MCLR 8.25%
Three Months MCLR 8.30%
Six Months MCLR 8.40%
One year MCLR 8.45%
YES BANK MCLR RATE WITH EFFECTIVE FROM 01.05.17
Overnight 8.15%
One Month 8.15%
Three Months 8.30%
Six Months 8.55%
One Year 8.85%
PUNJAB NATIONAL BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 8.05%
One month 8.15%
Three months 8.25%
Six months 8.30%
One year 8.35%
Three years 8.50%
Five years 8.65%
STANDARD CHARTERED BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 8.50%
1 month 8.75%
3 months 8.85%
6 months 8.95%
1 year 9.00%
2 years 9.30%
3 years 9.40%
DEUTSCHE BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 7.85%
  One month 8.10%
  Three month 9.00%
  Six month 9.10%
  One year 9.35%
BANK OF INDIA MCLR RATE – WITH EFFECTIVE FROM 04.05.2017
Overnight MCLR 8.10%
1 Month MCLR 8.25%
3 Months MCLR 8.30%
6 Months MCLR 8.40%
1 Year MCLR 8.50%
FEDERAL BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight MCLR 8.70%
1 Month MCLR 8.75%
3 Months MCLR 8.80%
6 Months MCLR 8.85%
1 Year MCLR 8.95%
KOTAK MAHINDRA BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 8.05%
One month 8.10%
Three month 8.25%
Six month 8.50%
One year 8.85%
Two years 8.85%
Three years 8.85%
VIJAYA BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 8.45%
One month 8.50%
Three months 8.55%
Six months 8.60%
One year 8.65%
Two years 8.65%
Three years 8.75%
ANDHRA BANK MCLR RATE – WITH EFFECTIVE FROM 04.05.2017
Overnight 8.45%
One month 8.50%
Three months 8.55%
Six months 8.60%
One year 8.65%
BANK OF MAHARASHTRA MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 8.75%
One month 8.80%
Three months 8.85%
Six months 8.90%
One year 8.95%
CENTRAL BANK OF INDIA MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 8.05%
One month 8.35%
Three months 8.40%
Six months 8.45%
One year 8.50%
CORPORATION BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 8.35%
One month 8.35%
Three months 8.40%
Six months 8.65%
One year 8.75%
DENA BANK MCLR RATE – WITH EFFECTIVE FROM 04.05.2017
Overnight 8.50%
One month 8.55%
Three month 8.55%
Six month 8.60%
One year 8.60%
INDIAN BANK MCLR RATE – WITH EFFECTIVE FROM 01.05.17
Overnight 8.40%
One month 8.45%
Three month 8.50%
Six month 8.55%
One year 8.60%
Two years 8.75%
Three years 8.90%
CITI BANK MCLR RATE – WITH EFFECTIVE FROM MAY 2017
Overnight 7.85%
One Month 8.00%
Three Months 8.05%
Six Months 8.00%
One Year 7.95%
IDBI BANK MCLR RATE – WITH EFFECTIVE FROM MAY 2017
Overnight 8.05%
One Month 8.20%
Three Month 8.30%
Six Month 8.35%
One Year 8.65%
Two Year 8.70%
Three Year 8.75%
HSBC BANK MCLR RATES – WITH EFFECTIVE FROM MAY 2017
Overnight 7.60%
1 Month 7.60%
3 Months 7.70%
6 Months 7.90%
1 Year 7.85%

MCLR USER SEARCHES/TRENDS June 2017

User searches for BPLR Vs MCLR up +3700% in past week – 12.09.2016
User searches for MCLR Linked Interest Rate up +1300% in past week – 12.09.2016
User searches for MCLR Vs Base Rate up +250% in past week – 12.09.2016
User searches for MCLR Rate up +60% in past week – 12.09.2016
User searches for MCLR Full Form up +120% in past week – 27.09.2016
User searches for MCLR RBI up +100% in past week – 27.09.2016
User searches for Bank Rate up +50% in past week – 27.09.2016
User searches for SBI MCLR Rate up +40% in past week – 27.09.2016
User searches for MCLR Meaning In Banking up +400% in past week – 24.09.2016
User searches for MCLR Rate up +100% in past week – 24.09.2016
User searches for MCLR Means up +80% in past week – 24.09.2016
User searches for Full Form of MCLR up +50% in past week – 24.09.2016
User searches for Strategic Premium In MCLR up +650% in past week – 18.09.2016
User searches for Difference Between Base Rate And MCLR up +120% in past week – 18.09.2016
User searches for MCLR Of SBI up +50% in past week – 18.09.2016
User searches for Strategic Premium up +2600% in past week – 17.09.2016
User searches for Axis Bank MCLR up +40% in past week – 17.02.2017
User searches for MCLR Calculation up +70% in past week – 26.02.2017
User searches for RBI Circular on MCLR up +40% in past week – 26.03.2017
User searches for MCLR Rates up +50% in past week – 13.04.2017
User searches for HDFC Bank MCLR up +180% in past week – 13.05.2017
User searches for Full Form of MCLR up +50% in past week – 24.05.2017