{"id":155,"date":"2018-09-16T20:25:35","date_gmt":"2018-09-16T14:55:35","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=155"},"modified":"2018-09-16T21:05:06","modified_gmt":"2018-09-16T15:35:06","slug":"900050-allahabad-bank-current-base-rate-lending","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900050-allahabad-bank-current-base-rate-lending.html","title":{"rendered":"Allahabad Bank – Current MCLR Base Rate for Lending"},"content":{"rendered":"

Allahabad Bank – Current MCLR Base Rate and Loan Interest Rate<\/strong><\/p>\n

New Delhi (Delhi, India), September 16, 2018<\/p>\n

Allahabad Bank Increases One Year MCLR Base Rate to 8.50 Percent Per Annum<\/strong><\/p>\n

The Allahabad Bank has hiked its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.05 percent, or 05 basis points (BPS) with effect from Saturday, September 01, 2018.<\/p>\n

Allahabad Bank has revised its One Year MCLR Base Rate or the minimum lending rate from 8.45 percent to 8.50 percent per annum.<\/p>\n

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

Allahabad Bank 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

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

Allahabad Bank’s MCLR Base Rate effective from September 01, 2018 is:
\nOvernight MCLR: 8.00%
\nOne Month MCLR: 8.10%
\nThree Month MCLR: 8.30%
\nSix Month MCLR: 8.35%
\nOne Year MCLR: 8.50%
\nTwo Year MCLR: 8.70%
\nThree Year MCLR: 8.80%<\/p>\n

Allahabad Bank’s MCLR Base Rate effective from July 01, 2018 was:
\nOvernight MCLR: 7.95%
\nOne Month MCLR: 8.05%
\nThree Month MCLR: 8.25%
\nSix Month MCLR: 8.30%
\nOne Year MCLR: 8.45%
\nTwo Year MCLR: 8.65%
\nThree Year MCLR: 8.75%<\/p>\n

Allahabad Bank’s MCLR Base Rate effective from June 01, 2018 was:
\nOvernight MCLR: 7.85%
\nOne Month MCLR: 7.95%
\nThree Month MCLR: 8.15%
\nSix Month MCLR: 8.20%
\nOne Year MCLR: 8.35%
\nTwo Year MCLR: 8.55%
\nThree Year MCLR: 8.65%<\/p>\n

Allahabad Bank’s MCLR Base Rate effective from May 01, 2018 was:
\nOvernight MCLR: 7.80%
\nOne Month MCLR: 7.90%
\nThree Month MCLR: 8.10%
\nSix Month MCLR: 8.15%
\nOne Year MCLR: 8.30%
\nTwo Year MCLR: 8.50%
\nThree Year MCLR: 8.60%<\/p>\n

Allahabad Bank’s MCLR Base Rate effective from December 01, 2017 was:
\nOvernight MCLR: 7.75%
\nOne Month MCLR: 7.85%
\nThree Month MCLR: 8.05%
\nSix Month MCLR: 8.15%
\nOne Year MCLR: 8.25%
\nTwo Year MCLR: 8.45%
\nThree Year MCLR: 8.50%<\/p>\n

Allahabad Bank’s MCLR Base Rate effective from September 01, 2017 was:
\nOvernight MCLR: 7.95%
\nOne Month MCLR: 8.05%
\nThree Month MCLR: 8.25%
\nSix Month MCLR: 8.35%
\nOne Year MCLR: 8.45%
\nTwo Year MCLR: 8.65%
\nThree Year MCLR: 8.70%<\/p>\n

Allahabad Bank’s MCLR Base Rate effective from July 10, 2017 was:
\nOvernight MCLR: 8.00%
\nOne Month MCLR: 8.10%
\nThree Month MCLR: 8.30%
\nSix Month MCLR: 8.40%
\nOne Year MCLR: 8.50%
\nTwo Year MCLR: 8.70%
\nThree Year MCLR: 8.75%<\/p>\n

Allahabad Bank’s MCLR Base Rate effective from June 12, 2017 was:
\nOvernight MCLR: 8.00%
\nOne Month MCLR: 8.10%
\nThree Month MCLR: 8.30%
\nSix Month MCLR: 8.40%
\nOne Year MCLR: 8.50%<\/p>\n

Allahabad Bank’s MCLR Base Rate effective from January 10, 2017 was:
\nOvernight MCLR: 8.15%
\nOne Month MCLR: 8.25%
\nThree Month MCLR: 8.45%
\nSix Month MCLR: 8.55%
\nOne Year MCLR: 8.60%<\/p>\n

Allahabad Bank’s MCLR Base Rate effective from October 10, 2016 was:
\nOvernight MCLR: 9.15%
\nOne Month MCLR: 9.20%
\nThree Month MCLR: 9.25%
\nSix Month MCLR: 9.35%
\nOne Year MCLR: 9.45%<\/p>\n

Allahabad Bank’s MCLR Base Rate effective from July 11, 2016 was:
\nOvernight MCLR: 9.25%
\nOne Month MCLR: 9.30%
\nThree Month MCLR: 9.35%
\nSix Month MCLR: 9.45%
\nOne Year MCLR: 9.55%<\/p>\n

Allahabad Bank’s MCLR Base Rate effective from April 01, 2016 was:
\nOvernight MCLR: 9.30%
\nOne Month MCLR: 9.35%
\nThree Month MCLR: 9.40%
\nSix Month MCLR: 9.50%
\nOne Year MCLR: 9.60%<\/p>\n

Allahabad Bank Reduces Base Rate to 9.15 Percent Per Annum<\/strong><\/p>\n

The Allahabad Bank has decreased its Base Rate (BR) for old loans by 0.45 percent, or 45 basis points (BPS) with effect from Monday, April 02, 2018.<\/p>\n

Allahabad Bank has revised its Base Rate or the minimum lending rate from 9.60 percent to 9.15 percent per annum.<\/p>\n

Allahabad Bank 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

Allahabad Bank’s Base Rate Historical Data<\/strong><\/p>\n

April 02, 2018 Base Rate: 9.15%
\nDecember 01, 2017 Base Rate: 9.60%
\nOctober 05, 2015 Base Rate: 9.70%
\nJune 08, 2015 Base Rate: 9.95%
\nMarch 04, 2014 Base Rate: 10.25%
\nFebruary 18, 2013 Base Rate: 10.20%
\nMay 01, 2012 Base Rate: 10.50%
\nAugust 01, 2011 Base Rate: 10.75%
\nJuly 15, 2011 Base Rate: 10.25%
\nMay 06, 2011 Base Rate: 10.00%
\nFebruary 01, 2011 Base Rate: 9.50%
\nDecember 14, 2010 Base Rate: 9.00%
\nOctober 01, 2010 Base Rate: 8.50%
\nJuly 01, 2010 Base Rate: 8.00%<\/p>\n","protected":false},"excerpt":{"rendered":"

Allahabad Bank has hiked its One Year MCLR Base Rate or the minimum lending rate by 0.05%, or 05 basis points with effect from Saturday, September 01, 2018. Allahabad Bank has revised its One Year MCLR Base Rate from 8.45 percent to 8.50 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":[133,136,137,37,36],"class_list":["post-155","post","type-post","status-publish","format-standard","hentry","category-banking","tag-allahabad-bank","tag-allahabad-bank-base-rate","tag-allahabad-bank-lending-rate","tag-base-rate","tag-current-base-rate"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/155","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=155"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/155\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}