ICICI Bank
According to ICICI Bank’s web site, their lending rates, efficient from March 22, 2024, are as follows: 8.60% for each in a single day and one-month intervals, 8.65% for 3 months, 9.00% for six months, and 9.10% for one 12 months.
| Marginal Cost of funds based mostly Lending Rate (MCLR) | |
| MCLR efficient March 22, 2024 | |
| Tenures | I-MCLR |
| Overnight | 8.60% |
| One Months | 8.60% |
| Three Months | 8.65% |
| Six Months | 9.00% |
| One Year | 9.10% |
HDFC Bank
As of April 8, 2024, HDFC Bank’s Marginal Cost of Funds Based Lending Rate (MCLR) stands at 8.95% for in a single day loans, 9.00% for one month, 9.15% for 3 months, 9.30% for six months, and 9.30% for one 12 months, which impacts many shopper loans. The MCLR for 2 and three years is 9.35%.
| Tenor | MCLR |
| Overnight | 8.95% |
| 1 Month | 9.00% |
| 3 Month | 9.15% |
| 6 Month | 9.30% |
| 1 Year | 9.30% |
| 2 Year | 9.35% |
| 3 Year | 9.35% |
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State Bank of India (SBI)
Effective from April 15, 2024, State Bank of India (SBI) has set its Marginal Cost of Funds Based Lending Rate (MCLR) on the following rates: 8.00% for in a single day loans, 8.20% for one month, 8.20% for 3 months, 8.55% for six months, and 8.65% for one 12 months, which usually impacts most shopper loans. Additionally, the MCLR for 2 years is 8.75%, and for 3 years, it’s 8.85%.
| Tenor | Revised MCLR (In %)* |
| Over night time | 8 |
| One Month | 8.2 |
| Three Month | 8.2 |
| Six Month | 8.55 |
| One Year | 8.65 |
| Two Years | 8.75 |
| Three Years | 8.85 |
IDBI Bank
As per the IDBI Bank web site, efficient from April 12, 2024, the Marginal Cost of Funds Based Lending Rate (MCLR) for various tenors are as follows: 8.35% for in a single day loans, 8.50% for one-month tenure, 8.80% for 3 months, 9.00% for six months, 9.05% for one 12 months, 9.60% for 2 years, and 10.00% for 3 years.
Punjab National Bank (PNB)
As acknowledged on the PNB web site, efficient from April 1, 2024, Punjab National Bank (PNB) has set its Marginal Cost of Funds Based Lending Rate (MCLR) as follows: 8.30% for in a single day loans, 8.35% for one month, 8.45% for 3 months, and 8.80% for one 12 months.
| MCLR W.E.F. 01-04-2024 | |
| MCLR TENOR | Revised W.E.F. 01.04.2024 |
| Overnight | 8.30% |
| One month | 8.35% |
| Three month | 8.45% |
| Six month | 8.65% |
| One 12 months | 8.80% |
| Three years | 9.10% |
Yes Bank
Yes Bank has up to date its rates efficient from April 1, 2024, as per data on their web site. The Marginal Cost of Funds Based Lending Rate (MCLR) stands at 9.30% for in a single day loans, 9.65% for one month, 10.20% for 3 months, 10.45% for six months, and 10.60% for one 12 months.
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Bank of Baroda (BoB)
Bank of Baroda (BoB) has adjusted its Marginal Cost of Funds Based Lending Rate (MCLR) with impact from April 12, 2023. The MCLR rates are as follows: 8.10% for in a single day loans, 8.30% for one month, 8.45% for 3 months, 8.65% for six months, and 8.85% for one 12 months.
| Sr. No. | MCLR Benchmark | MCLR in (%) |
| 1 | Overnight MCLR | 8.1 |
| 2 | 1 Month MCLR | 8.3 |
| 3 | 3 Month MCLR | 8.45 |
| 4 | 6 Month MCLR | 8.65 |
| 5 | 1 Year MCLR | 8.85 |
Canara Bank
Canara Bank has up to date its lending rates efficient from April 12, 2024. The in a single day fee stands at 8.15%, whereas the one-month fee is 8.25%. For three-month loans, the speed is ready at 8.35%, and for six-month loans, it stands at 8.70%. The one-year fee is 8.90%. Additionally, the two-year fee is 9.20%, and the three-year fee is 9.30%. These changes present readability for patrons looking for loans from Canara Bank.
