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 Jul 12, 2021 is as follows:

Tenor MCLR (in %)
Overnight 80.08%
One month 79.78%
Three months 79.85%
Six months 80.07%
One year 80.48%

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