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DBS Bank MCLR Rates, DBS Bank Base Rate – Jul 2021

DBS Bank MCLR Rate

Last Updated 09th Jul 2021

Current MCLR rate of DBS Bank ranges from 7.90% to 8.25% 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 tenors.

Tenure wise MCLR DBS Rate Today
Overnight 7.90%
1 Month 7.90%
3 Month 7.95%
6 Month 8.10%
1 Year 8.25%
DBS Base Rate 7.00%
Apply for Home Loan @ 6.65% *

DBS Bank Interest Rates

DBS Bank offers the following loans to its customer on these rates currently:

Home Loan Interest Rates 7.30% * Floating Detail
Loan Against Property Rates 8.15% * Floating Detail
Fixed Deposit Interest Rates 2.50% to 5.50% Detail
Saving Account Interest Rates 3.00% to 4.00% Detail
RD Interest Rates 2.50% to 5.50% Detail

MCLR of DBS Bank

DBS Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of DBS Bank as announced on 08 Jun 2021 are:

  • Overnight MCLR Rate is 7.90%.
  • 1 Month MCLR Rate is 7.90%.
  • 3 Month MCLR Rate is 7.95%.
  • 6 Month MCLR Rate is 8.10%.
  • 1 Year MCLR Rate is 8.25%.
  • 2 Year MCLR Rate is 0.00%.
  • 3 Year MCLR Rate is 0.00%.
  • 5 Year MCLR Rate is 0.00%.

DBS Bank MCLR Rate Trend

Date DBS Bank MCLR
08th Jun 21 Overnight : 7.90%
1 Month : 7.90%
3 Month : 7.95%
6 Month : 8.10%
1 Year : 8.25%
07th May 21 Overnight : 6.25%
1 Month : 6.25%
3 Month : 6.30%
6 Month : 6.50%
1 Year : 6.75%
07th Apr 21 Overnight : 6.25%
1 Month : 6.25%
3 Month : 6.40%
6 Month : 6.60%
1 Year : 6.65%
07th Mar 21 Overnight : 6.35%
1 Month : 6.35%
3 Month : 6.50%
6 Month : 6.60%
1 Year : 6.80%
07th Feb 21 Overnight : 6.20%
1 Month : 6.20%
3 Month : 6.50%
6 Month : 6.60%
1 Year : 6.70%
07th Jan 21 Overnight : 6.20%
1 Month : 6.20%
3 Month : 6.40%
6 Month : 6.50%
1 Year : 6.35%
07th Jan 21 Overnight : 6.20%
1 Month : 6.20%
3 Month : 6.40%
6 Month : 6.50%
1 Year : 6.35%
07th Oct 20 Overnight : 6.90%
1 Month : 6.90%
3 Month : 6.90%
6 Month : 6.80%
1 Year : 6.40%
07th Sep 20 Overnight : 7.00%
1 Month : 7.00%
3 Month : 7.00%
6 Month : 6.90%
1 Year : 6.50%
07th Aug 20 Overnight : 7.15%
1 Month : 7.15%
3 Month : 7.10%
6 Month : 7.00%
1 Year : 6.80%
  • 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 7.90% to 8.25%.
  • 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, 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 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.
  • As per the latest regulations given by RBI, with effect from April 1, 2019, all floating interest rates on retail loans are to be linked to external benchmark lending rates. These could be the RBI's repo rate, three-month treasury bill yield, six-month treasury bill yield or other benchmark rate published by the Financial Benchmarks India Pvt Ltd.This was done in view to promote the easier transmission of reduced interest rates to customers, which was not well done when rates were linked to MCLR.

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.

Compare DBS Bank MCLR Rates with Other Banks

About DBS Bank

  • DBS Bank's registered office is located at DBS Bank Ltd, Ground Floor, Fort House, 221 Dr. D.N. Road, Fort, Mumbai – 400001 .
  • DBS Bank's management is led by its CEO Mr. Piyush Gupta.
  • Its current Base Rate is 7.00%, which was last revised on 07th Jun 21.

FAQs

What is the MCLR of DBS Bank?

DBS Bank MCLR ranges between 7.90% to 8.25% for a tenure ranging between 1 month to 5 years.

What is the current DBS Bank MCLR rate?

Current DBS Bank, overnight tenure is 7.90%, 1 month mclr is 7.90% , three month mclr is 7.95%, six month mclr is 8.10%, one year tenure is 8.25% and two year tenure is 0.00%.

What is DBS Bank base rate?

Currently, DBS Bank offers loans at a base rate of 7.00%.


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DBS News - Jul 2021
  • 2021-02-08 : DBS Bank revised its MCLR
    DBS Bank changed its MCLR, with effect from 7 February 2021. The overnight and one-month MCLR stands at 6.20%. MCLR for three months and six months is 6.50% and 6.60%, respectively. Further, One-year MCLR is 6.70%.
  • 2021-01-22 : Revised MCLR For DBS Bank
    With effect from 7 January2021, DBS Bank changed its MCLR. The overnight and one-month MCLR stands at 6.20%. MCLR for three months and six months is 6.40% and 6.50%, respectively. Further, One-year MCLR is 6.35%.
  • 2020-07-08 : DBS Bank revised its MCLR
    DBS Bank changed its MCLR. The overnight and one-month MCLR stands at 7.15%. MCLR for three months and six months is 7.10% and 7%, respectively. Further, One-year MCLR is 7.%. The revised rates are effective from 7 July 2020.
  • 2020-06-08 : DBS Bank revised its marginal cost of lending rate
    DBS Bank changed its MCLR. The overnight and one-month MCLR stands at 7.25%. MCLR for three months and six months is 7.10% and 7%, respectively. Further, One-year MCLR is 7.05%. The revised rates are effective from 7 June 2020.
  • 2020-01-08 : Revised MCLR by DBS Bank
    DBS Bank cuts MCLR by 10 bps. Overnight MCLR stands at 7.75% and one-month MCLR stands at 8.05%. For three months and six months, MCLR is 8.15% and 8.20%, respectively. One year MCLR is 8.25% which was earlier set at 8.30%. The revised rates are effective from 7 January 2020.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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