DCB has revised its marginal cost of funds based lending rate (MCLR), effective from July 5, 2022.
According to the
website, the overnight and one-month MCLR rates have been revised to 8.55 percent, three-month MCLR to 9.25 percent, six-month MCLR to 9.45 percent, and the one-year MCLR to 9.50%.
Latest MCLR interest rates

Source: Bank website
In June, the bank revised the External Benchmark Linked Rate (EBLR) to 9.34 percent and External Benchmark Linked Rate – Home Loan (EBLR-HL) to 9.06 percent.
The Marginal Cost Of Funds Based Lending Rate (MCLR) varies with tenor and might range from instant to three years. MCLR is a tenure-based benchmark, not a single rate. Banks have to publish at least five MCLR rates across the overnight, one-month, three-month, six-month and one-year tenures. The final lending rates offered by the banks is arrived at by adding the ‘spread’ to the MCLR rate.
A rise in the MCLR will typically result in an increase in interest due by borrowers. The increase in the MCLR will affect existing borrowers’ EMIs when their loan reset dates arrive.