Allahabad Bank has decreased its Benchmark Prime Lending Rate by 0.10%, or 10 basis points with effect from Friday, December 01, 2017. This interest rate cut will decrease the cost for those people who have taken their loans on floating rate of interest.
Allahabad Bank – Current Benchmark Prime Lending Rate or Minimum Interest Rate for Loans
New Delhi (Delhi, India), February 19, 2018
Allahabad Bank Cuts Benchmark Prime Lending Rate to 13.85%
The Allahabad Bank has decreased its Benchmark Prime Lending Rate (BPLR) by 0.10 percent, or 10 basis points with effect from Friday, December 01, 2017.
Allahabad Bank has revised its Benchmark Prime Lending Rate for home loans, personal loans and consumer loans from 13.95 percent to 13.85 percent per annum.
Allahabad Bank uses Benchmark Prime Lending Rate for determining the interest rates on home loans and advances sanctioned up to June 30, 2010.
Allahabad Bank has also reduced its Base Rate (BR) or the minimum lending rate from 9.70 percent to 9.60 percent per annum with effect from Friday, December 01, 2017.
Allahabad Bank determines its interest rates on all loans and advances, including consumer loans, lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.
Allahabad Bank’s current interest rate cut will decrease the cost of funds for those people who have taken their home loan advances on floating rate of interest. However, this interest rates revision will not affect the Allahabad Bank’s fixed rate customers, as their contracted rates will remain unchanged.
Historical Data for Allahabad Bank’s Benchmark Prime Lending Rate (BPLR)
December 01, 2017 BPLR: 13.85%
October 05, 2015 BPLR: 13.95%
June 08, 2015 BPLR: 14.20%
March 04, 2014 BPLR: 14.50%
February 18, 2013 BPLR: 14.45%
May 01, 2012 BPLR: 14.75%
August 01, 2011 BPLR: 15.00%
July 15, 2011 BPLR: 14.50%
May 06, 2011 BPLR: 14.25%
February 01, 2011 BPLR: 13.75%
December 14, 2010 BPLR: 13.25%
October 01, 2010 BPLR: 12.75%
July 01, 2010 BPLR: 12.25%
Historical Data for Allahabad Bank’s Base Rate
December 01, 2017 Base Rate: 9.60%
October 05, 2015 Base Rate: 9.70%
June 08, 2015 Base Rate: 9.95%
March 04, 2014 Base Rate: 10.25%
February 18, 2013 Base Rate: 10.20%
May 01, 2012 Base Rate: 10.50%
August 01, 2011 Base Rate: 10.75%
July 15, 2011 Base Rate: 10.25%
May 06, 2011 Base Rate: 10.00%
February 01, 2011 Base Rate: 9.50%
December 14, 2010 Base Rate: 9.00%
October 01, 2010 Base Rate: 8.50%
July 01, 2010 Base Rate: 8.00%
Allahabad Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Allahabad Bank