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Dhan Laxmi Bank MCLR Rates, Dhan Laxmi Bank Base Rate – Sep 2017

Last Updated 07th Sep 2017

Dhan Laxmi Bank MCLR Rate – Current Rate, Past Trend

Current MCLR of Dhan Laxmi Bank ranges from 8.85% to 9.80% depending on the reset frequency of the loan. Rates are revised every month.

Dhan Laxmi Bank MCLR, Base Rate Tenure
8.85% Overnight
8.85% 1 Month
8.90% 3 Month
9.65% 6 Month
9.80% 1 Year
Base rate - 11.40% Past Trend
Dhan Laxmi Bank Interest Rates
Home Loan Interest Rates 10.10% * Floating Detail
Loan Against Property Rates 11.88% * Floating Detail
Fixed Deposit Interest Rates 4.00% to 6.60% * Detail

Past Trend MCLR Rate of Dhan Laxmi Bank

Dhan Laxmi Bank 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 Sep 17
8.85%
8.85%
8.90%
9.65%
9.80%
-
-
-
07th Aug 17
8.85%
8.85%
8.95%
9.70%
9.85%
-
-
-
07th Jul 17
8.90%
8.90%
8.95%
9.70%
9.85%
-
-
-
08th Jun 17
8.95%
8.95%
9.00%
9.75%
9.90%
-
-
-
08th May 17
8.95%
8.95%
9.00%
9.75%
9.90%
-
-
-
07th Apr 17
8.95%
8.95%
9.00%
9.75%
9.90%
-
-
-
07th Mar 17
8.95%
8.95%
9.00%
9.75%
9.90%
-
-
-
07th Feb 17
8.95%
8.95%
9.05%
9.75%
10.10%
-
-
-
07th Jan 17
9.30%
9.30%
9.35%
9.75%
10.10%
-
-
-
07th Dec 16
9.55%
9.55%
9.65%
10.05%
10.35%
-
-
-
07th Nov 16
9.55%
9.55%
9.65%
10.05%
10.35%
-
-
-
07th Oct 16
9.55%
9.55%
9.60%
10.00%
10.35%
-
-
-
07th Sep 16
9.55%
9.55%
9.70%
10.05%
10.35%
-
-
-
08th Aug 16
9.45%
9.45%
9.70%
10.15%
10.40%
-
-
-
07th Jul 16
9.80%
9.80%
10.00%
10.25%
10.40%
-
-
-
07th Jun 16
9.90%
9.90%
10.10%
10.20%
10.40%
-
-
-
07th May 16
10.05%
10.05%
10.05%
10.35%
10.45%
-
-
-

Dhan Laxmi Bank MCLR Base Rate Vs. RBI

  • RBI requires banks to set their own MCLR Rate based on their marginal cost of funds. So, Dhan Laxmi Bank 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. Dhan Laxmi Bank has different MCLR base rates ranging from 8.85% to 9.80% for different tenures

Changes in MCLR of Dhan Laxmi Bank

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

Dhan Laxmi Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Dhan Laxmi 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, 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 Dhan Laxmi Bank 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 Dhan Laxmi Bank will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 10.45%. This loan will initially be priced at 10.95%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 10.2%, the loan will be priced at 10.7% for the next year

Past trend of Dhan Laxmi Bank 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%
05th Apr 16 0.25%
03rd Nov 15 11.40% 0.1%
29th Sep 15 0.5%
02nd Jun 15 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%
09th Sep 13 11.50% 0.25%
03rd May 13 0.25%
19th Mar 13 0.25%
29th Jan 13 0.25%
17th Apr 12 0.5%
02nd Nov 11 11.25% 0.25%
25th Oct 11 0.25%
19th Sep 11 11.00% 0.25%
16th Sep 11 0.25%
01st Aug 11 10.75% 0.5%
26th Jul 11 0.5%
07th Jul 11 10.25% 0.25%
16th Jun 11 0.25%
21st May 11 10.00% 0.75%
03rd May 11 0.5%
07th Apr 11 9.25% 0.5%
17th Mar 11 0.25%
10th Mar 11 8.75% 0.5%
25th Jan 11 0.25%
01st Jan 11 8.25% 0.75%
02nd Nov 10 0.25%
09th Oct 10 7.50% 0.5%
16th Sep 10 0.25%
27th Jul 10 0.25%
02nd Jul 10 0.25%
01st Jul 10 7.00%

Dhan Laxmi Bank Base Rate Vs. RBI Repo Rate Trend

About Dhan Laxmi Bank

  • Dhan Laxmi Bank is a Private Bank in India with 280 branches, 398 ATM's across the country.
  • Dhan Laxmi Bank's registered office is located at Dhanlaxmi Bank Limited, PB No.9, Dhanalakshmi Buildings, Naickanal Thrisoor Kerala-680001.
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 299 crs. and Standalone net profit of Rs. -241 crs. Dhan Laxmi Bank reported total deposits of Rs. 12,382 crs and total advances of Rs. 7,400 crs.
  • Dhan Laxmi Bank's management is led by its CEO Mr.P.G. Jayakumar.
  • Its current Base Rate is 11.40%, which was last revised on 03rd Nov 15.
Dhan Laxmi Bank Base Rate, PLR
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