{"id":1299,"date":"2018-12-23T11:25:52","date_gmt":"2018-12-23T05:55:52","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=1299"},"modified":"2018-12-24T01:23:58","modified_gmt":"2018-12-23T19:53:58","slug":"901040-scotiabank-india-current-mclr-base-rate-lending","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/901040-scotiabank-india-current-mclr-base-rate-lending.html","title":{"rendered":"Scotiabank India – Current MCLR Base Rate for Lending"},"content":{"rendered":"

Scotiabank India – Current MCLR Base Rate and Loan Interest Rate<\/strong><\/p>\n

New Delhi (Delhi, India), December 23, 2018<\/p>\n

Scotiabank India Increases One Year MCLR Base Rate to 8.82 Percent Per Annum<\/strong><\/p>\n

The Scotiabank India (The Bank of Nova Scotia) has hiked its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.03 percent, or 03 basis points (BPS) with effect from Monday, December 10, 2018.<\/p>\n

Scotiabank India has revised its One Year MCLR Base Rate or the minimum lending rate from 8.79 percent to 8.82 percent per annum.<\/p>\n

Scotiabank India’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.<\/p>\n

Scotiabank India applies the interest rates on all new loans and advances with reference to MCLR based rates from April 01, 2016 onwards.<\/p>\n

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.<\/p>\n

Scotiabank India’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data<\/strong><\/p>\n

Scotiabank India’s MCLR Base Rate effective from December 10, 2018 is:
\nOvernight MCLR: 8.57%
\nOne Month MCLR: 8.57%
\nThree Month MCLR: 8.67%
\nSix Month MCLR: 8.72%
\nOne Year MCLR: 8.82%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from November 14, 2018 was:
\nOvernight MCLR: 8.54%
\nOne Month MCLR: 8.54%
\nThree Month MCLR: 8.64%
\nSix Month MCLR: 8.69%
\nOne Year MCLR: 8.79%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from September 10, 2018 was:
\nOvernight MCLR: 8.52%
\nOne Month MCLR: 8.52%
\nThree Month MCLR: 8.62%
\nSix Month MCLR: 8.67%
\nOne Year MCLR: 8.77%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from August 09, 2018 was:
\nOvernight MCLR: 8.51%
\nOne Month MCLR: 8.51%
\nThree Month MCLR: 8.61%
\nSix Month MCLR: 8.66%
\nOne Year MCLR: 8.76%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from July 10, 2018 was:
\nOvernight MCLR: 7.90%
\nOne Month MCLR: 7.90%
\nThree Month MCLR: 8.00%
\nSix Month MCLR: 8.05%
\nOne Year MCLR: 8.15%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from June 08, 2018 was:
\nOvernight MCLR: 7.62%
\nOne Month MCLR: 7.62%
\nThree Month MCLR: 7.72%
\nSix Month MCLR: 7.77%
\nOne Year MCLR: 7.87%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from May 07, 2018 was:
\nOvernight MCLR: 7.13%
\nOne Month MCLR: 7.13%
\nThree Month MCLR: 7.23%
\nSix Month MCLR: 7.28%
\nOne Year MCLR: 7.38%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from April 06, 2018 was:
\nOvernight MCLR: 7.02%
\nOne Month MCLR: 7.02%
\nThree Month MCLR: 7.12%
\nSix Month MCLR: 7.18%
\nOne Year MCLR: 7.28%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from March 07, 2018 was:
\nOvernight MCLR: 7.08%
\nOne Month MCLR: 7.08%
\nThree Month MCLR: 7.18%
\nSix Month MCLR: 7.23%
\nOne Year MCLR: 7.33%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from January 10, 2018 was:
\nOvernight MCLR: 7.16%
\nOne Month MCLR: 7.16%
\nThree Month MCLR: 7.26%
\nSix Month MCLR: 7.31%
\nOne Year MCLR: 7.41%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from November 09, 2017 was:
\nOvernight MCLR: 6.84%
\nOne Month MCLR: 6.84%
\nThree Month MCLR: 6.94%
\nSix Month MCLR: 6.99%
\nOne Year MCLR: 7.09%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from August 04, 2017 was:
\nOvernight MCLR: 8.00%
\nOne Month MCLR: 8.00%
\nThree Month MCLR: 8.10%
\nSix Month MCLR: 8.15%
\nOne Year MCLR: 8.25%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from June 08, 2017 was:
\nOvernight MCLR: 8.51%
\nOne Month MCLR: 8.51%
\nThree Month MCLR: 8.61%
\nSix Month MCLR: 8.66%
\nOne Year MCLR: 8.76%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from April 07, 2017 was:
\nOvernight MCLR: 8.28%
\nOne Month MCLR: 8.28%
\nThree Month MCLR: 8.38%
\nSix Month MCLR: 8.43%
\nOne Year MCLR: 8.53%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from February 08, 2017 was:
\nOvernight MCLR: 7.99%
\nOne Month MCLR: 7.99%
\nThree Month MCLR: 8.09%
\nSix Month MCLR: 8.14%
\nOne Year MCLR: 8.24%<\/p>\n

Scotiabank India’s MCLR Base Rate effective from January 06, 2017 was:
\nOvernight MCLR: 7.87%
\nOne Month MCLR: 7.87%
\nThree Month MCLR: 7.97%
\nSix Month MCLR: 8.02%
\nOne Year MCLR: 8.12%<\/p>\n

Scotiabank India Ups Base Rate to 8.15 Percent Per Annum<\/strong><\/p>\n

The Scotiabank India (The Bank of Nova Scotia) has also raised its Base Rate (BR) for old loans by 0.25 percent, or 25 basis points (BPS) with effect from Friday, April 07, 2017.<\/p>\n

Scotiabank India has revised its Base Rate or the minimum lending rate from 7.90 percent to 8.15 percent per annum.<\/p>\n

Scotiabank 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.<\/p>\n

Scotiabank India’s Base Rate Historical Data<\/strong><\/p>\n

April 07, 2017 Base Rate: 8.15%
\nJanuary 06, 2017 Base Rate: 7.90%
\nNovember 08, 2016 Base Rate: 8.00%
\nAugust 08, 2016 Base Rate: 8.00%
\nJuly 08, 2016 Base Rate: 8.20%
\nMay 06, 2016 Base Rate: 8.50%
\nApril 22, 2016 Base Rate: 8.65%
\nMarch 01, 2016 Base Rate: 8.90%
\nJanuary 22, 2016 Base Rate: 8.65%
\nOctober 01, 2015 Base Rate: 8.75%
\nApril 08, 2015 Base Rate: 9.00%
\nOctober 31, 2014 Base Rate: 9.50%
\nApril 01, 2014 Base Rate: 9.75%
\nMarch 01, 2014 Base Rate: 10.00%
\nJanuary 07, 2014 Base Rate: 9.75%
\nDecember 28, 2013 Base Rate: 10.00%
\nDecember 19, 2013 Base Rate: 9.75%
\nDecember 03, 2013 Base Rate: 9.50%
\nNovember 29, 2013 Base Rate: 9.75%
\nOctober 23, 2013 Base Rate: 10.00%
\nOctober 08, 2013 Base Rate: 10.25%
\nSeptember 20, 2013 Base Rate: 11.00%
\nAugust 31, 2013 Base Rate: 11.50%
\nAugust 16, 2013 Base Rate: 11.25%
\nJuly 16, 2013 Base Rate: 10.00%
\nApril 30, 2013 Base Rate: 9.25%
\nSeptember 28, 2011 Base Rate: 10.50%
\nJune 17, 2011 Base Rate: 10.00%
\nFebruary 23, 2011 Base Rate: 9.00%
\nJuly 01, 2010 Base Rate: 7.25%<\/p>\n","protected":false},"excerpt":{"rendered":"

Scotiabank India has hiked its One Year MCLR Base Rate or the minimum lending rate by 0.03%, or 03 basis points with effect from Monday, December 10, 2018. Scotiabank India has revised its One Year MCLR Base Rate from 8.79 percent to 8.82 percent per annum.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[36,254,401,402,403],"class_list":["post-1299","post","type-post","status-publish","format-standard","hentry","category-banking","tag-current-base-rate","tag-mclr-base-rate","tag-scotiabank-india","tag-scotiabank-india-base-rate","tag-scotiabank-india-lending-rate"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/1299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/comments?post=1299"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/1299\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=1299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=1299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=1299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}