As per RBI guidelines, all Rupee loans sanctioned and credit limits renewed w.e.f. Apr 01,2016 will be priced with reference to the MCLR (other than exceptions permitted by RBI).

The Marginal Cost of Funding Rates effective Apr 5, 2021 is as follows:

Tenor MCLR (in %)
Overnight 16.47%
One month 16.06%
Three months 16.17%
Six months 16.50%
One year 16.80%

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