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MCLR & Offer Rate

Marginal Cost of Funds based Lending Rate (MCLR)

Effective May 8, 2019 all floating rate rupee loans sanctioned and credit limits renewed will be priced with reference to Marginal Cost of Funds based Lending Rate (MCLR).
The tenor wise MCLR is mentioned below:

Tenure MCLR in %
Overnight 8.90 %
1 Month 8.90 %
3 Month 9.10 %
6 Month 9.30 %
1 Year 9.50 %
2 Year 9.60 %
3 Year 9.70 %

Proposed Offer Rate

Sr No. Product name Proposed Offer Rate
Min ROI Max ROI
1
Home Loans 9.00% 12.50%
2.a
Loan against Property 9.00% 26.00%
2.b
Loan against property- Suvidha 11.00% 26.00%
3
Personal Loans 9.20% 34.00%
4
Business Loans 9.20% 34.00%
5
Two Wheeler/Bike accessories and merchandise Loans 9.20% 40.00%
6
Micro Business Loans 9.20% 38.00%
7
Used Car Loans 9.20% 20.00%
8
Consumer Durable Loans and Consumption loans 9.20% 40.00%
9
Supply chain Finance 9.00% 18.00%
10
Cross sell – Personal Loan 9.20% 38.00%

 

Effective 18th December 2018, Capital First & IDFC Bank have merged. The merged entity is now IDFC FIRST Bank. The website of the combined institution – IDFC FIRST Bank is under preparation & will be unveiled soon. Click here to Know more Effective 18th December 2018, Capital First & IDFC Bank have merged. The merged entity is now IDFC FIRST Bank. The website of the combined institution – IDFC FIRST Bank is under preparation & will be unveiled soon. Click here to Know more Effective 18th December 2018, Capital First & IDFC Bank have merged. The merged entity is now IDFC FIRST Bank. The website of the combined institution – IDFC FIRST Bank is under preparation & will be unveiled soon. Click here to Know more Effective 18th December 2018, Capital First & IDFC Bank have merged. The merged entity is now IDFC FIRST Bank. The website of the combined institution – IDFC FIRST Bank is under preparation & will be unveiled soon. Click here to Know more Effective 18th December 2018, Capital First & IDFC Bank have merged. The merged entity is now IDFC FIRST Bank. The website of the combined institution – IDFC FIRST Bank is under preparation & will be unveiled soon. Click here to Know more