India-Russia Talks: EAM Jaishankar to meet Russian Foreign Minister in Moscow today

First-ever 2:1 bonus issue: Healthcare firm finalises record date

SpiceJet shares jump over 5% as airline targets doubling fleet and tripling capacity by end-2025

Groww continues debut surge; stock climbs 10% to new high, up 46% since listing

2:1 Bonus Share, 1:5 Stock Split: This financial services stock to reward shareholders soon—check update on record date

SBI market cap crosses Rs 9 trillion as stock gains 44% from March lows; MOFSL reiterates 'Buy' rating

New York’s Times Square turns into 'langar sewa' hub; Sant Singh Chatwal, Onkar Singh lead Guru Nanak Dev-inspired meal drive

Fujiyama Power IPO: Last day to apply — Should you subscribe? Anil Singhvi decodes Rs 828-crore issue

Mumbai CNG Supply Hit: GAIL pipeline damage impacts auto services, stocks react

LG Electronics India shares slip on weak Q2 results—Nomura raises target price

Latest MCLR in December 2024: HDFC Bank, PNB, Canara Bank revises lending rates

The benchmark one-year tenor MCLR, which is used to price most consumer loans like auto and personal, has been retained at 9.45 per cent, according to the HDFC Bank website.

&nbsp;

HDFC Bank raises lending rate by 5 bps on select maturity 

HDFC Bank has increased the benchmark marginal cost lending rate (MCLR). The lender has also increased the MCLR for loans of certain tenures, which has come into effect from January 8.

After increase in MLCR, HDFC Bank increases FD interest rates; know the latest rates marginal cost lending rate

In January 2024, many banks have changed their Marginal Cost Best Lending Rate i.e. MCLR. Due to changes in this, the interest rates on home loan and personal loan also change.

HDFC Bank, PNB, ICICI Bank: These 7 banks have made loans expensive so far this month, revised MCLR rates

SBI MCLR hike:&nbsp;SBI increased its two-year MCLR from 8.65 per cent to 8.75 per cent. Also, the bank's three-year MCLR has been increased from 8.75 per cent to 8.85 per cent.

SBI hikes MCLR by 5-10 bps: How will it impact your loans and EMIs?

In an exclusive interaction with Zee Business, Asheesh Pandey talks about how the bank plans to recover loans and also enhance credit growth.

Exclusive: ED of Bank of Maharashtra talks about credit growth and NPA

PNB MCLR hike:&nbsp;PNB has increased its overnight MCLR from 8 per cent to 8.1 per cent.&nbsp;

Punjab National Bank raises MCLR: Loans, EMIs to get costlier

ICICI Bank MCLR: It&nbsp;is revised every month, taking into consideration the repo rate and other rates related to borrowing.

ICICI Bank revises MCLR: check new loan rates

The RBI implemented MCLR on April 1, 2016, to determine rates of interest for loans.

Brace for bigger EMI: Despite RBI's surprise pause, this private lender hikes key interest rate 

Bank of Baroda (BANKBARODA)&nbsp;— India's second largest PSU lender after SBI&nbsp;— on Tuesday hiked its MCLR or&nbsp;marginal cost of funds-based lending rate for select tenors by five basis points, effective April 12. The hike in the key interest rate by Bank of Baroda comes days after the RBI announced a status quo on the repo rate though not committing to the end of hikes in the current cycle of monetary policy tightening.&nbsp;

Despite RBI status quo on interest rates, BoB raises MCLR — borrowers' loan EMI burden set to rise

The lending rate increases will be mostly in the marginal cost of funds-based lending rate (MCLR) segment of the credit market, India Ratings said in a report on Tuesday.

Bank likely to pump MCLR pricing by 100-150 bps in FY24 as funds gap widens: Report

Loans, EMIs to get costlier as THIS private lender hikes interest rate - check details  

South Indian Bank MCLR Hike:&nbsp;As per the South Indian Bank’s filing, the overnight MCLR (MCLR) has been increased to 8.65 per cent and the one-month MCLR was raised to 8.70 per cent.

This Kerala-based bank's home loan EMIs set to rise as lender hikes MCLR rates by 15-20 basis points

The latest hikes in the interest rates come days after the Reserve Bank of India (RBI) on February 8 increased the borrowing costs by 25 basis points (bps).

<quillbot-extension-portal></quillbot-extension-portal>

Bank of Baroda, Indian Overseas Bank hike lending rates; SBI marginally raises deposit rates

SBI MCLR:&nbsp;SBI's decision to hike MCLR follows the 25 basis point increase in the repo rate by the Reserve Bank of India (RBI) to 6.50 per cent last week.

SBI hikes interest rate on housing loans; EMI to rise for existing borrowers

Bank of Maharashtra’s MCLR hike is in line with the Reserve Bank of India’s rate hike. Last week, the RBI increased the repo rate by 25 basis points to 6.50 per cent.

Bank of Maharashtra home loan EMIs set to rise as lender hikes MCLR rates up to 30 basis points

For other tenor loans ranging from overnight to three year, the revised rates are in the range of 7.80-9.05 per cent, according to Kotak.

Kotak Mahindra Bank cuts 1-year MCLR rate by 20 bps, hikes for other tenors

The country's third largest private sector lender in a communication on its website stated that the benchmark one-year MCLR is up by 25 basis points to 8.35 per cent with effect from October 18, 2022

Axis Bank hikes MCLR rates across tenors by 25 bps

The country's largest lender SBI&nbsp;has revised the MCLR for the benchmark one-year tenor to 7.95 per cent, up by 25 basis points from previous rate, which came to effect from October 15, 2022.

SBI, Kotak Bank, Federal Bank hike MCLRs, repo-linked lending rates 

Bank of Baroda's one-year MCLR will be priced at 7.80 per cent against 7.70 per cent, the bank said in a regulatory filing.

Bank of Baroda and Indian Overseas Bank raise MCLR rates by up to 0.10%

mclr

The benchmark one-year tenor MCLR, which is used to price most consumer loans like auto and personal, has been retained at 9.45 per cent, according to the HDFC Bank website.
 

HDFC Bank has increased the benchmark marginal cost lending rate (MCLR). The lender has also increased the MCLR for loans of certain tenures, which has come into effect from January 8.

In January 2024, many banks have changed their Marginal Cost Best Lending Rate i.e. MCLR. Due to changes in this, the interest rates on home loan and personal loan also change.

SBI MCLR hike: SBI increased its two-year MCLR from 8.65 per cent to 8.75 per cent. Also, the bank's three-year MCLR has been increased from 8.75 per cent to 8.85 per cent.

Zee Business

Home

Personal Finance

India

Economy

Tech

Auto

Markets

Jobs

Indian Railways

World

Videos

Photos

MCLR News- Zee Business provides latest news on MCLR, MCLR news Today, Top News on MCLR, update on MCLR Stay updated with business news, breaking news headlines.

MCLR

Latest MCLR in December 2024: HDFC Bank, PNB, Canara Bank revises lending rates

HDFC Bank raises lending rate by 5 bps on select maturity

After increase in MLCR, HDFC Bank increases FD interest rates; know the latest rates marginal cost lending rate

HDFC Bank, PNB, ICICI Bank: These 7 banks have made loans expensive so far this month, revised MCLR rates

SBI hikes MCLR by 5-10 bps: How will it impact your loans and EMIs?

Exclusive: ED of Bank of Maharashtra talks about credit growth and NPA

RECOMMENDED

India-Russia Talks: EAM Jaishankar to meet Russian Foreign Minister in Moscow today

First-ever 2:1 bonus issue: Healthcare firm finalises record date

SpiceJet shares jump over 5% as airline targets doubling fleet and tripling capacity by end-2025

Groww continues debut surge; stock climbs 10% to new high, up 46% since listing

2:1 Bonus Share, 1:5 Stock Split: This financial services stock to reward shareholders soon—check update on record date

SBI market cap crosses Rs 9 trillion as stock gains 44% from March lows; MOFSL reiterates 'Buy' rating

New York’s Times Square turns into 'langar sewa' hub; Sant Singh Chatwal, Onkar Singh lead Guru Nanak Dev-inspired meal drive

Fujiyama Power IPO: Last day to apply — Should you subscribe? Anil Singhvi decodes Rs 828-crore issue

Mumbai CNG Supply Hit: GAIL pipeline damage impacts auto services, stocks react

LG Electronics India shares slip on weak Q2 results—Nomura raises target price

Punjab National Bank raises MCLR: Loans, EMIs to get costlier

ICICI Bank revises MCLR: check new loan rates

Brace for bigger EMI: Despite RBI's surprise pause, this private lender hikes key interest rate

Despite RBI status quo on interest rates, BoB raises MCLR — borrowers' loan EMI burden set to rise

Bank likely to pump MCLR pricing by 100-150 bps in FY24 as funds gap widens: Report

Loans, EMIs to get costlier as THIS private lender hikes interest rate - check details

This Kerala-based bank's home loan EMIs set to rise as lender hikes MCLR rates by 15-20 basis points

Bank of Baroda, Indian Overseas Bank hike lending rates; SBI marginally raises deposit rates

SBI hikes interest rate on housing loans; EMI to rise for existing borrowers

Bank of Maharashtra home loan EMIs set to rise as lender hikes MCLR rates up to 30 basis points

Kotak Mahindra Bank cuts 1-year MCLR rate by 20 bps, hikes for other tenors

Axis Bank hikes MCLR rates across tenors by 25 bps

SBI, Kotak Bank, Federal Bank hike MCLRs, repo-linked lending rates

Bank of Baroda and Indian Overseas Bank raise MCLR rates by up to 0.10%

Top News

India-Russia Talks: EAM Jaishankar to meet Russian Foreign Minister in Moscow today

First-ever 2:1 bonus issue: Healthcare firm finalises record date

SpiceJet shares jump over 5% as airline targets doubling fleet and tripling capacity by end-2025

Groww continues debut surge; stock climbs 10% to new high, up 46% since listing

2:1 Bonus Share, 1:5 Stock Split: This financial services stock to reward shareholders soon—check update on record date

SBI market cap crosses Rs 9 trillion as stock gains 44% from March lows; MOFSL reiterates 'Buy' rating