BNP Base Rate, BNP MCLR Base Rate Past Trend

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Current BNP MCLR Base Rate

Last Updated 31st Dec 69
Tenure Base Rate, MCLR
Overnight 8.10%
1 Month 8.10%
3 Month 8.10%
6 Month 8.50%
1 Year 8.75%
2 Year 9.00%
3 Year 9.10%
Current MCLR base rate of BNP ranges from 8.10% to 9.10% depending on the reset frequency of the loan. Rates are revised every month.
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Past Trend Base Rate of BNP

SBI base 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
01st Oct 16
01st Jun 16

BNP base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, BNP decides its own base rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR base 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. BNP has different MCLR base rates ranging from 8.10% to 9.10% for different tenures

Changes in MCLR Base rate of BNP

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

BNP home loan interest rate and MCLR

  • Every floating rate loan sanctioned by BNP is benchmarked to its MCLR base 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 BNP 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 BNP will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 8.90%. This loan will initially be priced at 9.4%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 8.65%, the loan will be priced at 9.15% for the next year

Past trend of BNP Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
23rd Sep 13 9.50% increased by 0.5%
20th Sep 13: 0.25% repo hike by RBI
03rd May 13: 0.25% repo cut by RBI
26th Mar 13 9.00% decreased by 0.25%
19th Mar 13: 0.25% repo cut by RBI
29th Jan 13: 0.25% repo cut by RBI
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
22nd Oct 11 9.25% decreased by 0.25%
10th Oct 11 9.50% increased by 0.25%
16th Sep 11: 0.25% repo hike by RBI
08th Aug 11 9.25% increased by 0.5%
26th Jul 11: 0.5% repo hike by RBI
16th Jun 11: 0.25% repo hike by RBI
16th May 11 8.75% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
25th Apr 11 8.25% increased by 0.75%
17th Mar 11: 0.25% repo hike by RBI
01st Feb 11 7.50% increased by 0.25%
25th Jan 11: 0.25% repo hike by RBI
02nd Nov 10: 0.25% repo hike by RBI
01st Nov 10 7.25% increased by 0.5%
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 6.75%

BNP Base Rate Vs. RBI Repo Rate Trend

About BNP

  • BNP's registered office is located at .
  • BNP's management is led by its CEO .
  • Its current Base Rate is 9.50%, which was last revised on 23rd Sep 13.
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