Wed, Mar 01, 2023
ICICI Bank MCLR 2023: The latest hikes in the interest rates follows the Reserve Bank of India's (RBI) latest move to increase the repo rate by 25 bps to 6.50 per cent.
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Sat, Nov 05, 2022
The benchmark one-year MCLR rate will be priced at 10.23 per cent from Saturday against the existing rate of 9.96 per cent.
Thu, Aug 11, 2022
Among other tenor loans, the one-month MCLR has been raised by 0.20 per cent to 7.40 per cent, while the three and six month MCLR loans will be up by 0.10 per cent each.
Fri, Jul 08, 2022
HDFC Bank has given a blow to the customers. Now taking a loan from a bank has become costly. Bank has increased the MCLR rate by 0.20%.
Tue, Jun 11, 2019
State-owned Oriental Bank of Commerce has cut the marginal cost of funds-based lending rate (MCLR) by up to 0.10 per cent for various tenors with effect from Tuesday.
Sat, Jun 09, 2018
By hiking a repo rate RBI has taken a lot of risk. While it tries to ease down inflation, consumers will face the brunt of this hike.
Thu, Jan 05, 2017
After all leading banks lowered their home loan rates, real estate developers are now expecting further rate cuts in order to boost demand for housing.
Following other banks rate cut moves, Bank of Baroda and Bank of Maharashtra have lowered their home loan rates across tenors on Thursday.
Wed, Jan 04, 2017
Following several banks' rate cut moves in recent days, Andhra Bank has lowered its home loan rates across various tenors. The bank has revised marginal cost of funds based lending rate (MCLR) in the range of 8.45% to 8.65% for home loans with various tenors.
Tue, Jan 03, 2017
Following other banks rate cut move, Bank of India (BOI) and Housing Development Corporation of India (HDFC) have lowered their home loan rates. Bank of India (BOI) has set marginal cost of funds based lending rate (MCLR) for loans with one year tenor at 8.50%.
Vijay Agrawal, Executive Director, Equirus Capital said, "Cut in interest rates is likely to give a big push in offtake. Reduction in home loan EMI will increase purchasing capacity of home buyers."
Sun, Jan 01, 2017
State Bank of India (SBI) on Sunday reduced its marginal cost of funds based lending rate (MCLR) by 90 basis points across maturities. The new rates will be effective from January 1, 2017, cited SBI in a press release.
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