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Banking

Andhra Bank – Current MCLR Base Rate for Lending

Andhra Bank has hiked its One Year MCLR Base Rate or the minimum lending rate by 0.15%, or 15 basis points with effect from Thursday, August 16, 2018. State Bank of India has revised its One Year MCLR Base Rate from 8.55 percent to 8.70 percent per annum.

Categories
Banking

Andhra Bank – Current Benchmark Prime Lending Rate

Andhra Bank has decreased its Benchmark Prime Lending Rate by 0.05%, or 05 basis points with effect from Saturday, October 15, 2016. This interest rate cut will decrease the cost for those people who have taken their loans on floating rate of interest.