{"id":133,"date":"2018-09-20T07:55:23","date_gmt":"2018-09-20T02:25:23","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=133"},"modified":"2018-09-20T19:50:56","modified_gmt":"2018-09-20T14:20:56","slug":"900601-ing-vysya-bank-current-benchmark-prime-lending-rate","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900601-ing-vysya-bank-current-benchmark-prime-lending-rate.html","title":{"rendered":"ING Vysya Bank &#8211; Current Benchmark Prime Lending Rate"},"content":{"rendered":"<p><strong>ING Vysya Bank &#8211; Current Benchmark Prime Lending Rate or Minimum Interest Rate for Loans<\/strong><\/p>\n<p>New Delhi (Delhi, India), September 20, 2018<\/p>\n<p><strong>ING Vysya Bank Limited Hikes Benchmark Prime Lending Rate to 17.95%<\/strong><\/p>\n<p>The ING Vysya Bank Limited (now merged with Kotak Mahindra Bank Limited) has increased its Benchmark Prime Lending Rate (BPLR) by 0.10 percent, or 10 basis points with effect from Friday, September 14, 2018.<\/p>\n<p>ING Vysya Bank has revised its Benchmark Prime Lending Rate for home loans, personal loans, and consumer loans from 17.90 percent to 17.95 percent per annum.<\/p>\n<p>ING Vysya Bank uses Benchmark Prime Lending Rate for determining the interest rates on home loans and advances sanctioned up to June 30, 2010.<\/p>\n<p>ING Vysya Bank Ltd (now Kotak Mahindra Bank Limited) has also enhanced its Base Rate or the minimum lending rate from 9.10 percent to 9.20 percent per annum with effect from Friday, September 14, 2018.<\/p>\n<p>ING Vysya 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.<\/p>\n<p>ING Vysya Bank&#8217;s current interest rate hike will increase 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 Kotak Mahindra Bank\u2019s fixed rate customers, as their contracted rates will remain unchanged.<\/p>\n<p><strong>Historical Data for ING Vysya Bank&#8217;s Benchmark Prime Lending Rate (BPLR)<\/strong><\/p>\n<p>September 14, 2018 BPLR: 17.95%<br \/>\nOctober 16, 2017 BPLR: 17.85%<br \/>\nAugust 02, 2017 BPLR: 17.90%<br \/>\nJune 14, 2017 BPLR: 17.95%<br \/>\nJanuary 06, 2017 BPLR: 18.05%<br \/>\nOctober 07, 2016 BPLR: 18.15%<br \/>\nOctober 05, 2015 BPLR: 18.25%<br \/>\nJuly 02, 2015 BPLR: 18.50%<br \/>\nApril 16, 2015 BPLR: 18.60%<br \/>\nAugust 13, 2013 BPLR: 18.75%<br \/>\nApril 26, 2012 BPLR: 18.50%<br \/>\nNovember 01, 2011 BPLR: 18.75%<br \/>\nAugust 02, 2011 BPLR: 18.50%<br \/>\nJuly 13, 2011 BPLR: 18.25%<\/p>\n<p><strong>Historical Data for ING Vysya Bank&#8217;s Base Rate<\/strong><\/p>\n<p>September 14, 2018 Base Rate: 9.20%<br \/>\nOctober 16, 2017 Base Rate: 9.10%<br \/>\nAugust 02, 2017 Base Rate: 9.15%<br \/>\nJune 14, 2017 Base Rate: 9.20%<br \/>\nJanuary 06, 2017 Base Rate: 9.30%<br \/>\nOctober 07, 2016 Base Rate: 9.40%<br \/>\nOctober 05, 2015 Base Rate: 9.50%<br \/>\nJuly 02, 2015 Base Rate: 9.75%<br \/>\nApril 16, 2015 Base Rate: 9.85%<br \/>\nAugust 13, 2013 Base Rate: 10.00%<br \/>\nApril 26, 2012 Base Rate: 9.75%<br \/>\nNovember 01, 2011 Base Rate: 10.00%<br \/>\nAugust 02, 2011 Base Rate: 9.75%<br \/>\nJuly 13, 2011 Base Rate: 9.50%<br \/>\nMay 10, 2011 Base Rate: 9.25%<br \/>\nMarch 01, 2011 Base Rate: 8.75%<br \/>\nDecember 31, 2010 Base Rate: 8.25%<br \/>\nDecember 06, 2010 Base Rate: 8.00%<br \/>\nNovember 08, 2010 Base Rate: 7.75%<br \/>\nOctober 01, 2010 Base Rate: 7.50%<br \/>\nJuly 01, 2010 Base Rate: 7.25%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ING Vysya Bank has increased its Benchmark Prime Lending Rate by 0.10%, or 10 basis points with effect from Friday, September 14, 2018. This interest rate hike will increase the cost for those people who have taken their loans on floating rate of interest.<\/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":[38,40,118,123,122],"class_list":["post-133","post","type-post","status-publish","format-standard","hentry","category-banking","tag-benchmark-prime-lending-rate","tag-current-benchmark-prime-lending-rate","tag-ing-vysya-bank","tag-ing-vysya-bank-benchmark-rate","tag-ing-vysya-bank-lending-rate"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/133","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=133"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/133\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}