«

»

ING Vysya Bank – Current Benchmark Prime Lending Rate



ING Vysya Bank Limited – Current Benchmark Prime Lending Rate or Minimum Interest Rate for Loans

New Delhi (Delhi, India), January 21, 2016

ING Vysya Bank Limited Cuts Benchmark Prime Lending Rate to 18.25%

The ING Vysya Bank Limited (now merged with Kotak Mahindra Bank Limited) has decreased its Benchmark Prime Lending Rate (BPLR) by 0.25 percent, or 25 basis points with effect from Monday, October 05, 2015.

ING Vysya Bank has revised its Benchmark Prime Lending Rate for personal loans and consumer loans from 18.50 percent to 18.25 percent per annum.

ING Vysya Bank Limited uses Benchmark Prime Lending Rate for determining the interest rates on home loans and advances sanctioned up to June 30, 2010.



ING Vysya Bank has also reduced its Base Rate (BR) or the minimum lending rate from 9.75 percent to 9.50 percent per annum with effect from Monday, October 05, 2015.

ING Vysya Bank Limited determines its interest rates on new loans and advances, including consumer loans, with reference to base rate with effect from July 1, 2010.

ING Vysya 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 ING Vysya Bank Limited’s fixed rate customers, as their contracted rates will remain unchanged.

Historical Data for ING Vysya Bank Limited’s Benchmark Prime Lending Rate and Base Rate

October 05, 2015 Benchmark Prime Lending Rate: 18.25% Base Rate: 9.50%
July 02, 2015 Benchmark Prime Lending Rate: 18.50% Base Rate: 9.75%
April 16, 2015 Benchmark Prime Lending Rate: 18.60% Base Rate: 9.85%
August 13, 2013 Benchmark Prime Lending Rate: 18.75% Base Rate: 10.00%
April 26, 2012 Benchmark Prime Lending Rate: 18.50% Base Rate: 9.75%
November 01, 2011 Benchmark Prime Lending Rate: 18.75% Base Rate: 10.00%
August 02, 2011 Benchmark Prime Lending Rate: 18.50% Base Rate: 9.75%
July 13, 2011 Benchmark Prime Lending Rate: 18.25% Base Rate: 9.50%
May 10, 2011 Base Rate: 9.25%
March 01, 2011 Base Rate: 8.75%
December 31, 2010 Base Rate: 8.25%
December 06, 2010 Base Rate: 8.00%
November 08, 2010 Base Rate: 7.75%
October 01, 2010 Base Rate: 7.50%
July 01, 2010 Base Rate: 7.25%

ING Vysya Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of ING Vysya Bank Limited


1 comment

  1. Dayanand

    I need historical data for ING Vysya Bank Limited’s Benchmark Prime Lending Rate and Base Rate. I require data from 2004 onwards.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please complete the below arithmetic action before you submit your comments to verify it’s not spam. * Time limit is exhausted. Please reload CAPTCHA.