Indian Bank has decreased its Benchmark Prime Lending Rate by 0.30%, or 30 basis points with effect from Monday, June 08, 2015. This interest rate cut will decrease the cost for those people who have taken their loans on floating rate of interest.
Indian Bank – Current Benchmark Prime Lending Rate or Minimum Interest Rate for Loans
New Delhi (Delhi, India), February 24, 2018
Indian Bank Cuts Benchmark Prime Lending Rate to 14.20%
The Indian Bank has decreased its Benchmark Prime Lending Rate (BPLR) by 0.30 percent, or 30 basis points with effect from Monday, June 08, 2015.
Indian Bank has revised its Benchmark Prime Lending Rate for home loans, personal loans, and consumer loans from 14.50 percent to 14.20 percent per annum.
Indian Bank uses Benchmark Prime Lending Rate for determining the interest rates on home loans and advances sanctioned up to June 30, 2010.
Indian Bank has also reduced its Base Rate (BR) or the minimum lending rate from 9.65 percent to 9.45 percent per annum with effect from Sunday, May 07, 2017.
Indian 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.
Indian 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 Indian Bank’s fixed rate customers, as their contracted rates will remain unchanged.
Historical Data for Indian Bank’s Benchmark Prime Lending Rate (BPLR)
June 08, 2015 BPLR: 14.20%
April 01, 2014 BPLR: 14.50%
February 09, 2013 BPLR: 14.45%
May 01, 2012 BPLR: 14.75%
August 01, 2011 BPLR: 15.00%
July 13, 2011 BPLR: 14.50%
May 05, 2011 BPLR: 14.25%
February 01, 2011 BPLR: 13.75%
December 13, 2010 BPLR: 13.25%
October 01, 2010 BPLR: 12.75%
July 01, 2010 BPLR: 12.50%
Historical Data for Indian Bank’s Base Rate
May 07, 2017 Base Rate: 9.45%
October 07, 2015 Base Rate: 9.65%
June 08, 2015 Base Rate: 9.95%
April 01, 2014 Base Rate: 10.25%
February 09, 2013 Base Rate: 10.20%
May 01, 2012 Base Rate: 10.50%
August 01, 2011 Base Rate: 10.75%
July 13, 2011 Base Rate: 10.25%
May 05, 2011 Base Rate: 10.00%
February 01, 2011 Base Rate: 9.50%
December 13, 2010 Base Rate: 9.00%
October 01, 2010 Base Rate: 8.50%
July 01, 2010 Base Rate: 8.00%
Indian Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Indian Bank