Here is a look at the latest MCLR of the top 8 banks in April 2024.
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ICICI Bank lending rates
According to the ICICI Bank website, the overnight rate and one month rate is at 8.60%. The three-month rate is 8.65%. The six-month rate is 9%. The one-year rate is 9.10%. The rates are effective from March 22, 2024.
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3/9
HDFC Bank lending rates
The overnight MCLR is 8.95%. The one-month MCLR of HDFC Bank is now at 9%. The three-month MCLR is 9.15%. The six-month MCLR is 9.30%. The one-year MCLR, which is linked to many consumer loans, has been raised 9.30%. The 2 and 3 year MCLR is at 9.35%. The rates are effective from April 8, 2024
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4/9
SBI lending rates
SBI MCLR overnight rate stands at 8%. The one-month MCLR is at 8.2% at SBI. Three-month MCLR stands at 8.2% as well. The six-month MCLR is at 8.55%, while the one-year MCLR stands at 8.65%. Most consumer loans are usually linked to a one-year MCLR. The two-year MCLR is at 8.75%. The three-year MCLR is at 8.85%. The rates are effective from April 15, 2024.
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5/9
IDBI Bank lending rates
According to the IDBI Bank website, the latest MCLR for overnight tenor is 8.35%. For one-month tenure the MCLR is 8.50%. The three-month MCLR rate for IDBI Bank customers is 8.80%. The six month MCLR is 9%. The one year MCLR is 9.05%. The two year MCLR is 9.60%. The three year MCLR is 10%. These rates are effective from April 12, 2024.
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6/9
PNB lending rates
According to the PNB website, the overnight rate is 8.30%. The MCLR based lending rate for one-month is 8.35%. The three-month rate is 8.45%. The one year rate is 8.80%. The rates are effective from April 1, 2024.
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7/9
Yes Bank lending rates
According to the Yes bank website, the new rates are with effect from April 1, 2024. The overnight rate is 9.30%. The MCLR based lending rate for one-month is 9.65%. The three month rate is 10.20%. The six month rate is 10.45%. The one-year rate is 10.60%.
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8/9
Bank of Baroda lending rates
Bank of Baroda (BoB) has revised its MCLR with effect from April 12, 2023. The overnight MCLR is at 8.10%. The one-month MCLR is at 8.3%. The three-month MCLR is at 8.45%. The six-month MCLR is at 8.65%. The one-year MCLR is 8.85%.
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9/9
Canara Bank lending rates
The overnight rate is 8.15%. The one-month rate is 8.25%. The three-month rate is 8.35%. The six-month rate is at 8.70%. The one-year rate is 8.90%. The two-year rate is at 9.20%. The three-year rate is 9.30%. The rates are effective from April 12, 2024.
