FirstRand Bank India has hiked its One Year MCLR Base Rate or the minimum lending rate by 0.12%, or 12 basis points with effect from Monday, December 10, 2018. FirstRand Bank India has revised its One Year MCLR Base Rate from 8.92 percent to 9.04 percent per annum.
FirstRand Bank India – Current MCLR Base Rate and Loan Interest Rate
New Delhi (Delhi, India), December 23, 2018
FirstRand Bank India Increases One Year MCLR Base Rate to 9.04 Percent Per Annum
The FirstRand Bank India has hiked its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.12 percent, or 12 basis points (BPS) with effect from Monday, December 10, 2018.
FirstRand Bank India has revised its One Year MCLR Base Rate or the minimum lending rate from 8.92 percent to 9.04 percent per annum.
FirstRand Bank India’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.
FirstRand Bank India applies the interest rates on all new loans and advances with reference to MCLR based rates from April 01, 2016 onwards.
The Reserve Bank of India (RBI) has asked all banks to set at least five MCLR based benchmark lending rates – Overnight MCLR, One Month MCLR, Three Month MCLR, Six Month MCLR, and One Year MCLR. The loans linked with MCLR will be reset for a maximum of one year tenure.
FirstRand Bank India’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data
FirstRand Bank India’s MCLR Base Rate effective from December 10, 2018 is:
Overnight MCLR: 7.70%
One Month MCLR: 8.05%
Three Month MCLR: 8.43%
Six Month MCLR: 8.69%
One Year MCLR: 9.04%
FirstRand Bank India’s MCLR Base Rate effective from November 09, 2018 was:
Overnight MCLR: 7.63%
One Month MCLR: 7.96%
Three Month MCLR: 8.32%
Six Month MCLR: 8.61%
One Year MCLR: 8.92%
FirstRand Bank India’s MCLR Base Rate effective from October 10, 2018 is:
Overnight MCLR: 7.65%
One Month MCLR: 7.96%
Three Month MCLR: 8.29%
Six Month MCLR: 8.58%
One Year MCLR: 8.87%
FirstRand Bank India’s MCLR Base Rate effective from September 10, 2018 was:
Overnight MCLR: 7.60%
One Month MCLR: 7.89%
Three Month MCLR: 8.23%
Six Month MCLR: 8.50%
One Year MCLR: 8.78%
FirstRand Bank India’s MCLR Base Rate effective from August 08, 2018 was:
Overnight MCLR: 7.45%
One Month MCLR: 7.70%
Three Month MCLR: 7.99%
Six Month MCLR: 8.25%
One Year MCLR: 8.49%
FirstRand Bank India’s MCLR Base Rate effective from July 09, 2018 was:
Overnight MCLR: 7.71%
One Month MCLR: 7.93%
Three Month MCLR: 8.16%
Six Month MCLR: 8.39%
One Year MCLR: 8.57%
FirstRand Bank India’s MCLR Base Rate effective from June 08, 2018 was:
Overnight MCLR: 7.86%
One Month MCLR: 8.06%
Three Month MCLR: 8.29%
Six Month MCLR: 8.50%
One Year MCLR: 8.66%
FirstRand Bank India’s MCLR Base Rate effective from May 10, 2018 was:
Overnight MCLR: 7.76%
One Month MCLR: 8.01%
Three Month MCLR: 8.11%
Six Month MCLR: 8.36%
One Year MCLR: 8.48%
FirstRand Bank India’s MCLR Base Rate effective from April 09, 2018 was:
Overnight MCLR: 8.36%
One Month MCLR: 8.38%
Three Month MCLR: 8.38%
Six Month MCLR: 8.49%
One Year MCLR: 8.66%
FirstRand Bank India’s MCLR Base Rate effective from March 09, 2018 was:
Overnight MCLR: 8.30%
One Month MCLR: 8.33%
Three Month MCLR: 8.33%
Six Month MCLR: 8.43%
One Year MCLR: 8.60%
FirstRand Bank India’s MCLR Base Rate effective from February 09, 2018 was:
Overnight MCLR: 8.21%
One Month MCLR: 8.23%
Three Month MCLR: 8.22%
Six Month MCLR: 8.31%
One Year MCLR: 8.48%
FirstRand Bank India’s MCLR Base Rate effective from January 30, 2018 was:
Overnight MCLR: 8.21%
One Month MCLR: 8.23%
Three Month MCLR: 8.22%
Six Month MCLR: 8.31%
One Year MCLR: 8.48%
Two Year MCLR: 8.79%
Three Year MCLR: 9.02%
FirstRand Bank India’s MCLR Base Rate effective from December 28, 2017 was:
Overnight MCLR: 8.00%
One Month MCLR: 8.01%
Three Month MCLR: 7.97%
Six Month MCLR: 8.07%
One Year MCLR: 8.23%
Two Year MCLR: 8.51%
Three Year MCLR: 8.73%
FirstRand Bank India Cuts Base Rate to 9.80 Percent Per Annum
The FirstRand Bank India has lowered its Base Rate (BR) for old loans by 0.20 percent, or 20 basis points (BPS) with effect from Thursday, February 04, 2016.
FirstRand Bank India has revised its Base Rate or the minimum lending rate from 10.00 percent to 9.80 percent per annum.
FirstRand Bank India decides its interest rates on all loans and advances lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.
FirstRand Bank India’s Base Rate Historical Data
February 04, 2016 Base Rate: 9.80%
March 02, 2015 Base Rate: 10.00%
May 01, 2014 Base Rate: 10.40%
September 02, 2013 Base Rate: 10.30%
July 30, 2012 Base Rate: 10.00%