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DBS Bank MCLR Rates, DBS Bank Base Rate – Aug 2019

DBS Bank MCLR Rate

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

Current MCLR rate of DBS Bank ranges from 8.30% to 8.65% varying by reset frequency of the loan. DBS 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 DBS Rate Today
Overnight 8.65%
1 Month 8.65%
3 Month 8.55%
6 Month 8.50%
1 Year 8.30%
DBS Base Rate 8.70%

DBS Bank Interest Rates

DBS Bank Interest Rates
Home Loan Interest Rates 9.45% * Floating Detail
Loan Against Property Rates 11.90% * Floating Detail
Fixed Deposit Interest Rates 4.00% to 7.25% Detail
Saving Account Interest Rates 4.00% to 7.00% Detail
RD Interest Rates 5.75% to 7.50% Detail

MCLR of DBS Bank

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

  • Overnight MCLR Rate is 8.65%. The rate was last revised on 07 Aug 2019 to 8.65% from 8.70%
  • 1 Month MCLR Rate is 8.65%. The rate was last revised on 07 Aug 2019 to 8.65% from 8.70%
  • 3 Month MCLR Rate is 8.55%. The rate was last revised on 07 Aug 2019 to 8.55% from 8.65%
  • 6 Month MCLR Rate is 8.50%. The rate was last revised on 07 Aug 2019 to 8.50% from 8.65%
  • 1 Year MCLR Rate is 8.30%. The rate was last revised on 07 Aug 2019 to 8.30% from 8.25%

DBS Bank MCLR Rate Trend

Date DBS Bank MCLR
07th Aug 19
Overnight : 8.65%
1 Month : 8.65%
3 Month : 8.55%
6 Month : 8.50%
1 Year : 8.30%
07th Jul 19
Overnight : 8.70%
1 Month : 8.70%
3 Month : 8.65%
6 Month : 8.65%
1 Year : 8.25%
07th Jun 19
Overnight : 8.65%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.70%
1 Year : 8.25%
07th Apr 19
Overnight : 8.75%
1 Month : 8.75%
3 Month : 8.85%
6 Month : 8.75%
1 Year : 8.60%
07th Apr 19
Overnight : 8.75%
1 Month : 8.75%
3 Month : 8.85%
6 Month : 8.75%
1 Year : 8.60%
07th Mar 19
Overnight : 8.75%
1 Month : 8.75%
3 Month : 8.85%
6 Month : 8.85%
1 Year : 8.55%
07th Feb 19
Overnight : 8.75%
1 Month : 8.75%
3 Month : 8.85%
6 Month : 8.85%
1 Year : 8.85%
07th Jan 19
Overnight : 8.70%
1 Month : 8.70%
3 Month : 8.85%
6 Month : 8.85%
1 Year : 8.85%
07th Dec 18
Overnight : 8.70%
1 Month : 8.70%
3 Month : 8.85%
6 Month : 8.85%
1 Year : 8.85%
07th Nov 18
Overnight : 8.70%
1 Month : 8.70%
3 Month : 8.90%
6 Month : 9.00%
1 Year : 9.00%
07th Sep 18
Overnight : 8.80%
1 Month : 8.80%
3 Month : 8.90%
6 Month : 8.90%
1 Year : 8.90%
07th Aug 18
Overnight : 8.60%
1 Month : 8.60%
3 Month : 8.65%
6 Month : 8.85%
1 Year : 8.90%
07th Jul 18
Overnight : 8.50%
1 Month : 8.50%
3 Month : 8.50%
6 Month : 8.70%
1 Year : 8.90%
07th Jun 18
Overnight : 8.40%
1 Month : 8.40%
3 Month : 8.40%
6 Month : 8.60%
1 Year : 8.70%
07th May 18
Overnight : 8.25%
1 Month : 8.25%
3 Month : 8.30%
6 Month : 8.50%
1 Year : 8.50%
07th Apr 18
Overnight : 8.25%
1 Month : 8.25%
3 Month : 8.35%
6 Month : 8.50%
1 Year : 8.75%
07th Mar 18
Overnight : 8.20%
1 Month : 8.20%
3 Month : 8.65%
6 Month : 8.65%
1 Year : 8.65%
07th Feb 18
Overnight : 8.20%
1 Month : 8.20%
3 Month : 8.65%
6 Month : 8.65%
1 Year : 8.65%
07th Jan 18
Overnight : 7.95%
1 Month : 7.95%
3 Month : 8.05%
6 Month : 8.15%
1 Year : 8.35%
07th Dec 17
Overnight : 7.95%
1 Month : 7.95%
3 Month : 8.05%
6 Month : 8.15%
1 Year : 8.35%
07th Nov 17
Overnight : 7.90%
1 Month : 7.90%
3 Month : 8.00%
6 Month : 8.10%
1 Year : 8.30%
07th Oct 17
Overnight : 7.90%
1 Month : 7.90%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.20%
07th Sep 17
Overnight : 7.80%
1 Month : 7.80%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.20%
07th Aug 17
Overnight : 7.80%
1 Month : 7.80%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.20%
07th Jul 17
Overnight : 8.00%
1 Month : 8.00%
3 Month : 8.10%
6 Month : 8.20%
1 Year : 8.40%
07th Jun 17
Overnight : 7.80%
1 Month : 7.80%
3 Month : 7.95%
6 Month : 8.00%
1 Year : 8.20%
07th May 17
Overnight : 7.75%
1 Month : 7.75%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.20%
07th Apr 17
Overnight : 7.75%
1 Month : 7.75%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.10%
07th Mar 17
Overnight : 7.75%
1 Month : 7.75%
3 Month : 7.90%
6 Month : 7.95%
1 Year : 8.10%
07th Feb 17
Overnight : 7.90%
1 Month : 7.90%
3 Month : 7.95%
6 Month : 8.00%
1 Year : 8.15%
07th Jan 17
Overnight : 8.00%
1 Month : 8.00%
3 Month : 8.30%
6 Month : 8.30%
1 Year : 8.35%
07th Dec 16
Overnight : 8.35%
1 Month : 8.35%
3 Month : 8.35%
6 Month : 8.35%
1 Year : 8.50%
07th Nov 16
Overnight : 8.50%
1 Month : 8.50%
3 Month : 8.55%
6 Month : 8.60%
1 Year : 8.65%
07th Oct 16
Overnight : 8.65%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.75%
1 Year : 8.80%
07th Sep 16
Overnight : 8.70%
1 Month : 8.70%
3 Month : 8.75%
6 Month : 8.80%
1 Year : 8.85%
06th Aug 16
Overnight : 8.80%
1 Month : 8.80%
3 Month : 8.85%
6 Month : 8.90%
1 Year : 8.90%
07th Jul 16
Overnight : 8.85%
1 Month : 8.85%
3 Month : 8.90%
6 Month : 8.95%
1 Year : 8.95%
07th Jun 16
Overnight : 8.90%
1 Month : 8.90%
3 Month : 8.95%
6 Month : 9.00%
1 Year : 9.00%
07th May 16
Overnight : 8.90%
1 Month : 8.90%
3 Month : 8.95%
6 Month : 9.00%
1 Year : 9.05%
01st Apr 16
Overnight : 9.00%
1 Month : 9.00%
3 Month : 9.05%
6 Month : 9.10%
1 Year : 9.15%
  • Effective 1st April 2016, DBS 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. DBS Bank MCLR rates for different tenors range from 8.30% to 8.65%.
  • 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, DBS 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, DBS 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%, DBS may decide to cut its 3 Month 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 DBS Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from DBS Bank.
  • MCLR rate can be revised by DBS Bank every month. However, it is not mandatory for DBS Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

DBS Bank Home Loan Interest Rate and MCLR

  • Every floating rate loan sanctioned by DBS Bank 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, personal loans are linked to short tenure 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 DBS Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. DBS Bank home loan rate is benchmarked to 3 Month MCLR Base Rate which will be repriced after 3 Month. Say, you take a loan from DBS at current 3 Month MCLR rate of 8.55% plus spread of 20 bps. So, the loan will initially be priced at 8.75%. Its next re-pricing will be done after 3 Month from now. If the 3 Month MCLR rate after 3 Month increases by 10 bps, the loan will be priced at 8.85% for the next period.

Compare MCLR Rate Movement



    Compare DBS Bank MLCR Rates with Other Banks

    About DBS Bank

    • DBS Bank's registered office is located at 12 Marina Boulevard, Level 3 Marina Bay Financial Centre Tower 3 Singapore-018982 .
    • DBS Bank's management is led by its CEO Mr. Piyush Gupta.
    • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
    DBS News - Aug 2019
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