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Bank of Baroda MCLR Rates, Bank of Baroda Base Rate – Aug 2017

Last Updated 21st Aug 2017

Bank of Baroda MCLR Rate – Current Rate, Past Trend

Current MCLR of Bank of Baroda ranges from 8.10% to 8.65% depending on the reset frequency of the loan. Rates are revised every month.

Bank of Baroda MCLR, Base Rate Tenure
8.10% Overnight
8.15% 1 Month
8.20% 3 Month
8.30% 6 Month
8.35% 1 Year
8.50% 3 Year
8.65% 5 Year
Base rate - 9.60% Past Trend
Bank of Baroda Interest Rates
Home Loan Interest Rates 8.35% * Floating Detail
Personal Loan Interest Rates 11.60% * Detail
Fixed Deposit Interest Rates 4.50% to 6.65% * Detail

Past Trend MCLR Rate of Bank of Baroda

Bank of Baroda MCLR Rate History

Revised
Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year
MCLR
2 Year
MCLR
3 Year
MCLR
5 Year
MCLR
07th Aug 17
8.10%
8.15%
8.20%
8.30%
8.35%
-
8.50%
8.65%
07th Jul 17
8.10%
8.15%
8.20%
8.30%
8.35%
-
8.50%
8.65%
07th Jun 17
8.10%
8.15%
8.20%
8.30%
8.35%
-
8.50%
8.65%
07th May 17
8.10%
8.15%
8.20%
8.30%
8.35%
-
8.50%
8.65%
07th Apr 17
8.10%
8.15%
8.20%
8.30%
8.35%
-
8.50%
8.65%
07th Mar 17
8.10%
8.15%
8.20%
8.30%
8.35%
-
8.50%
8.65%
07th Feb 17
8.10%
8.15%
8.20%
8.30%
8.35%
-
8.50%
8.65%
07th Jan 17
8.10%
8.15%
8.20%
8.30%
8.35%
8.50%
8.65%
-
07th Dec 16
8.80%
8.85%
8.95%
9.00%
9.05%
-
9.05%
9.25%
07th Nov 16
9.00%
9.05%
9.15%
9.20%
9.25%
-
9.25%
9.45%
07th Oct 16
9.10%
9.15%
9.25%
9.30%
9.35%
-
9.35%
9.55%
07th Sep 16
9.15%
9.20%
9.30%
9.35%
9.40%
-
9.40%
9.60%
07th Aug 16
9.15%
9.20%
9.30%
9.35%
9.40%
-
9.40%
9.60%
07th Jun 16
9.15%
9.20%
9.30%
9.35%
9.40%
-
9.40%
9.60%
07th May 16
9.05%
9.10%
9.20%
9.25%
9.30%
-
9.30%
9.50%
01st Apr 16
9.00%
9.00%
9.05%
9.10%
9.30%
-
9.35%
-
30th Nov -1
8.00%
-
-
-
-
-
-
-

Bank of Baroda MCLR Base Rate Vs. RBI

  • RBI requires banks to set their own MCLR Rate based on their marginal cost of funds. So, Bank of Baroda decides its own MCLR Rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR Rate of any bank
  • Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. Bank of Baroda has different MCLR base rates ranging from 8.10% to 8.65% for different tenures

Changes in MCLR of Bank of Baroda

  • MCLR rate can be revised by Bank of Baroda every month
  • Note that it is not mandatory for Bank of Baroda to revise its rate every month and it may choose to retain the same rate for a longer period

Bank of Baroda home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Bank of Baroda is benchmarked to its MCLR Rate for a particular tenure, say 1 month or 3 month or 6 months
  • Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration MCLR rate while longer duration loans (such as home loan, loan against property, vehicle loan) are linked to longer duration MCLR rates
  • The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark
  • Your loan from Bank of Baroda will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of Bank of Baroda will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 0.00%. This loan will initially be priced at 0.5%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is -0.25%, the loan will be priced at 0.25% for the next year

Past trend of Bank of Baroda Base Rate vs RBI Repo Rate

Date RBI Rates Bank Rates
02nd Aug 17 0.25%
08th Jun 17 0%
06th Apr 17 0%
08th Feb 17 0%
07th Dec 16 0%
04th Oct 16 0.25%
01st Jul 16 9.60% 0.05%
05th Apr 16 0.25%
05th Oct 15 9.65% 0.25%
29th Sep 15 0.5%
13th Jul 15 9.90% 0.1%
02nd Jun 15 0.25%
06th May 15 10.00% 0.25%
04th Mar 15 0.25%
15th Jan 15 0.25%
28th Jan 14 0.25%
18th Dec 13 0%
29th Oct 13 0.25%
20th Sep 13 0.25%
03rd May 13 0.25%
19th Mar 13 0.25%
09th Feb 13 10.25% 0.25%
29th Jan 13 0.25%
01st May 12 10.50% 0.25%
17th Apr 12 0.5%
25th Oct 11 0.25%
16th Sep 11 0.25%
01st Aug 11 10.75% 0.5%
26th Jul 11 0.5%
12th Jul 11 10.25% 0.25%
16th Jun 11 0.25%
06th May 11 10.00% 0.5%
03rd May 11 0.5%
17th Mar 11 0.25%
04th Feb 11 9.50% 0.5%
25th Jan 11 0.25%
13th Dec 10 9.00% 0.5%
02nd Nov 10 0.25%
05th Oct 10 8.50% 0.5%
16th Sep 10 0.25%
27th Jul 10 0.25%
02nd Jul 10 0.25%
01st Jul 10 8.00%

Bank of Baroda Base Rate Vs. RBI Repo Rate Trend

About Bank of Baroda

  • Bank of Baroda is a Public Sector Bank in India with 5,190 branches, 8,030 ATM's and 49,378 employees across the country.
  • Bank of Baroda's registered office is located at Baroda House, P.B.No. 506 Mandvi Vadodra, Gujarat-390006 .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 3,172 crs. and Standalone net profit of Rs. 598 crs. Bank of Baroda reported total deposits of Rs. 617,560 crs and total advances of Rs. 428,065 crs.
  • Bank of Baroda's management is led by its CEO Mr. P.S. Jayakumar.
  • Its current Base Rate is 9.60%, which was last revised on 01st Jul 16.
Bank Of Baroda Base Rate, PLR
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