7th August 2019 – RBI cuts repo rate by 35 bps to 5.40%

Current MCLR rate of AU Small Finance Bank ranges from 9.80% to 12.25% varying by reset frequency of the loan. AU Small Finance Bank revises MCLR rates on a monthly basis and benchmark its interest rates for home loan and other loans to MCLR rates of different tenor.

Tenure wise MCLR	AU Finance Rate Today
Overnight	10.05%
1 Month	9.80%
3 Month	10.90%
6 Month	11.30%
1 Year	11.70%
2 Year	12.25%
3 Year	12.00%
AU Finance Base Rate	-

AU Small Finance Bank Interest Rates

MCLR of AU Small Finance Bank

AU Small Finance Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of AU Small Finance Bank as announced on 07 Aug 2019 are:

• Overnight MCLR Rate is 10.05%. The rate was last revised on 07 Jul 2019 to 10.05% from 10.15%
• 1 Month MCLR Rate is 9.80%. The rate was last revised on 07 Jul 2019 to 9.80% from 9.90%
• 3 Month MCLR Rate is 10.90%. The rate was last revised on 07 Jul 2019 to 10.90% from 11.00%
• 6 Month MCLR Rate is 11.30%. The rate was last revised on 07 Jul 2019 to 11.30% from 11.40%
• 1 Year MCLR Rate is 11.70%. The rate was last revised on 07 Jul 2019 to 11.70% from 11.80%
• 2 Year MCLR Rate is 12.25%. The rate was last revised on 07 Jul 2019 to 12.25% from 12.35%
• 3 Year MCLR Rate is 12.00%. The rate was last revised on 07 Jul 2019 to 12.00% from 12.10%

AU Small Finance Bank MCLR Rate Trend

• Effective 1st April 2016, AU Small Finance Bank has been directed by RBI to fix its loan interest rates benchmarked to MCLR rate which is based on its marginal cost of funds. Earlier, the bank fixed its loan interest rates to Base Rate, which was based on total cost of funds of the bank. AU Small Finance Bank MCLR rates for different tenors range from 9.80% to 12.25%.
• RBI allows banks to set their own MCLR Rate based on their marginal cost of funds which means the cost of raising new funds for the bank. So, AU Small Finance Bank decides and announces its MCLR rate regularly based on prescribed formula and policy rate changes by RBI in its monetary policy.
• Note that the RBI does not decide the MCLR Rate of any bank. RBI only announces the repo rate, which influences the cost of raising new funds for the bank. Banks may or may not decide to change their MCLR rate in response to changes in the repo rate. For instance, AU Small Finance Bank may decide to bring a lower cut in their MCLR rate compared to a Repo Rate cut. If RBI cuts the repo rate by 50 basis points or 0.5%, AU Finance may decide to cut its MCLR rate only by 0.25% based on its internal funding and liquidity position. Hence, it is important to compare the MCLR rate change of AU Small Finance Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from AU Small Finance Bank.
• MCLR rate can be revised by AU Small Finance Bank every month. However, it is not mandatory for AU Small Finance Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

Compare MCLR Rate Movement

Compare AU Small Finance Bank MLCR Rates with Other Banks