BNP MCLR Rates, BNP Base Rate – Feb 2017

BNP MCLR Rate – Current Rate, Past Trend

Last Updated 20th Feb 2017
8th Feb 2017 – RBI keeps repo rate and other policy interest rates unchanged
BNP MCLR, Base Rate Tenure
8.05% Overnight
8.05% 1 Month
8.05% 3 Month
8.45% 6 Month
8.45% 1 Year
8.45% 2 Year
8.70% 3 Year
Base rate - 8.90% Past Trend
Current MCLR of BNP ranges from 8.05% to 8.70% depending on the reset frequency of the loan. Rates are revised every month.
Apply Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 






I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry
BNP Interest Rates

Past Trend MCLR Rate of BNP

BNP 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
01st Feb 17
8.05%
8.05%
8.05%
8.45%
8.45%
8.45%
8.70%
-
01st Jan 17
8.10%
8.10%
8.10%
8.50%
8.60%
8.70%
8.75%
-
01st Dec 16
8.00%
8.00%
8.00%
8.50%
8.60%
8.70%
8.75%
-
01st Nov 16
8.10%
8.10%
8.10%
8.50%
8.75%
9.00%
9.10%
-
01st Oct 16
8.10%
8.10%
8.10%
8.50%
8.75%
9.00%
9.10%
-
01st Jun 16
8.30%
8.30%
8.30%
8.30%
8.90%
9.00%
9.10%
-

BNP MCLR Base Rate Vs. RBI

  • RBI requires banks to set their own MCLR Rate based on their marginal cost of funds. So, BNP 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. BNP has different MCLR base rates ranging from 8.05% to 8.70% for different tenures

Changes in MCLR 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 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
10th Sep 15 8.90% decreased by 0.6%
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 8.90%, which was last revised on 10th Sep 15.
X
MyLoanCare
News - Feb 2017
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.