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- Dhan Laxmi Bank
Dhan Laxmi Bank MCLR Rates, Dhan Laxmi Bank Base Rate – May 2022
Dhan Laxmi Bank MCLR Rate
Current MCLR rate of Dhan Laxmi Bank ranges from 7.30% to 8.70% varying by reset frequency of the loan. Dhan Laxmi 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 | Dhan Laxmi Rate Today |
---|---|
Overnight | 7.30% |
1 Month | 7.30% |
3 Month | 8.20% |
6 Month | 8.50% |
1 Year | 8.70% |
Dhan Laxmi Base Rate | 9.80% |
Dhan Laxmi Bank Interest Rates
Dhan Laxmi Bank offers the following loans to its customer on these rates currently:
Home Loan Interest Rates | 7.85% * Floating | Detail |
Loan Against Property Rates | 10.60% * Floating | Detail |
Business Loan Interest Rates | 10.50% to 13.10% | Detail |
Fixed Deposit Interest Rates | 3.25% to 5.50% | Detail |
MCLR of Dhan Laxmi Bank
Dhan Laxmi Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of Dhan Laxmi Bank as announced on 01 May 2022 are:
- Overnight MCLR Rate is 7.30%.
- 1 Month MCLR Rate is 7.30%.
- 3 Month MCLR Rate is 8.20%.
- 6 Month MCLR Rate is 8.50%.
- 1 Year MCLR Rate is 8.70%.
- 2 Year MCLR Rate is 0.00%.
- 3 Year MCLR Rate is 0.00%.
- 5 Year MCLR Rate is 0.00%.
Dhan Laxmi Bank MCLR Rate Trend
Date | Dhan Laxmi Bank MCLR |
---|---|
01st May 22 | Overnight : 7.30% 1 Month : 7.30% 3 Month : 8.20% 6 Month : 8.50% 1 Year : 8.70% |
01st Apr 22 | Overnight : 7.30% 1 Month : 7.30% 3 Month : 8.20% 6 Month : 8.50% 1 Year : 8.70% |
01st Mar 22 | Overnight : 7.30% 1 Month : 7.30% 3 Month : 8.20% 6 Month : 8.50% 1 Year : 8.70% |
01st Feb 22 | Overnight : 7.30% 1 Month : 7.30% 3 Month : 8.20% 6 Month : 8.50% 1 Year : 8.70% |
01st Jan 22 | Overnight : 7.30% 1 Month : 7.30% 3 Month : 8.20% 6 Month : 8.50% 1 Year : 8.70% |
01st Dec 21 | Overnight : 7.30% 1 Month : 7.30% 3 Month : 8.20% 6 Month : 8.50% 1 Year : 8.70% |
01st Oct 21 | Overnight : 7.30% 1 Month : 7.30% 3 Month : 8.20% 6 Month : 8.50% 1 Year : 8.70% |
01st Sep 21 | Overnight : 7.30% 1 Month : 7.30% 3 Month : 8.20% 6 Month : 8.50% 1 Year : 8.70% |
01st Aug 21 | Overnight : 7.30% 1 Month : 7.30% 3 Month : 8.20% 6 Month : 8.50% 1 Year : 8.70% |
01st Jun 21 | Overnight : 7.30% 1 Month : 7.30% 3 Month : 8.20% 6 Month : 8.60% 1 Year : 8.70% |
01st Feb 21 | Overnight : 7.80% 1 Month : 7.80% 3 Month : 8.40% 6 Month : 8.80% 1 Year : 8.90% |
06th Jan 21 | Overnight : 7.30% 1 Month : 7.30% 3 Month : 8.20% 6 Month : 8.60% 1 Year : 8.70% |
01st Jan 21 | Overnight : 7.80% 1 Month : 7.80% 3 Month : 8.40% 6 Month : 8.80% 1 Year : 8.90% |
01st Dec 20 | Overnight : 7.80% 1 Month : 7.80% 3 Month : 8.40% 6 Month : 8.80% 1 Year : 8.90% |
01st Nov 20 | Overnight : 8.00% 1 Month : 8.00% 3 Month : 8.40% 6 Month : 8.80% 1 Year : 8.90% |
01st Oct 20 | Overnight : 8.00% 1 Month : 8.00% 3 Month : 8.40% 6 Month : 8.80% 1 Year : 8.90% |
01st Sep 20 | Overnight : 8.00% 1 Month : 8.00% 3 Month : 8.40% 6 Month : 8.90% 1 Year : 8.90% |
01st Aug 20 | Overnight : 8.00% 1 Month : 8.00% 3 Month : 8.40% 6 Month : 8.90% 1 Year : 8.90% |
01st Jul 20 | Overnight : 8.00% 1 Month : 8.00% 3 Month : 8.40% 6 Month : 8.90% 1 Year : 9.00% |
01st Jun 20 | Overnight : 8.00% 1 Month : 8.00% 3 Month : 8.40% 6 Month : 8.95% 1 Year : 9.05% |
05th May 20 | Overnight : 8.00% 1 Month : 8.00% 3 Month : 8.50% 6 Month : 9.10% 1 Year : 9.20% |
01st Apr 20 | Overnight : 8.10% 1 Month : 8.10% 3 Month : 8.80% 6 Month : 9.60% 1 Year : 9.50% |
01st Mar 20 | Overnight : 8.10% 1 Month : 8.10% 3 Month : 8.80% 6 Month : 9.60% 1 Year : 9.50% |
04th Feb 20 | Overnight : 8.10% 1 Month : 8.10% 3 Month : 8.80% 6 Month : 9.60% 1 Year : 9.60% |
01st Jan 20 | Overnight : 8.10% 1 Month : 8.10% 3 Month : 8.80% 6 Month : 9.60% 1 Year : 9.80% |
01st Dec 19 | Overnight : 8.10% 1 Month : 8.10% 3 Month : 8.80% 6 Month : 9.60% 1 Year : 9.80% |
01st Nov 19 | Overnight : 8.10% 1 Month : 8.10% 3 Month : 8.80% 6 Month : 9.60% 1 Year : 9.80% |
01st Oct 19 | Overnight : 8.50% 1 Month : 8.50% 3 Month : 8.80% 6 Month : 9.60% 1 Year : 9.80% |
01st Sep 19 | Overnight : 8.50% 1 Month : 8.50% 3 Month : 8.80% 6 Month : 9.60% 1 Year : 9.80% |
01st Aug 19 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.90% 6 Month : 9.70% 1 Year : 9.90% |
01st Jul 19 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.90% 6 Month : 9.70% 1 Year : 9.90% |
01st Jun 19 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.90% 6 Month : 9.70% 1 Year : 9.90% |
01st Apr 19 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.90% 6 Month : 8.70% 1 Year : 9.90% |
01st Mar 19 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.90% 6 Month : 9.70% 1 Year : 9.90% |
01st Mar 19 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.90% 6 Month : 9.70% 1 Year : 9.90% |
01st Jan 19 | Overnight : 9.19% 1 Month : 9.29% 3 Month : 9.34% 6 Month : 10.09% 1 Year : 10.84% |
01st Jan 19 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.90% 6 Month : 9.70% 1 Year : 9.90% |
01st Dec 18 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.90% 6 Month : 9.70% 1 Year : 9.90% |
01st Nov 18 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.90% 6 Month : 9.70% 1 Year : 9.90% |
01st Oct 18 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.60% 6 Month : 9.25% 1 Year : 9.70% |
07th Sep 18 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.60% 6 Month : 9.25% 1 Year : 9.70% |
07th Aug 18 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.60% 6 Month : 9.25% 1 Year : 9.70% |
07th Jul 18 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.60% 6 Month : 9.25% 1 Year : 9.70% |
07th Jun 18 | Overnight : 8.60% 1 Month : 8.60% 3 Month : 8.60% 6 Month : 9.25% 1 Year : 9.70% |
07th May 18 | Overnight : 8.90% 1 Month : 8.90% 3 Month : 8.95% 6 Month : 9.60% 1 Year : 9.75% |
07th Apr 18 | Overnight : 8.90% 1 Month : 8.90% 3 Month : 8.95% 6 Month : 9.60% 1 Year : 9.75% |
07th Mar 18 | Overnight : 8.70% 1 Month : 8.70% 3 Month : 8.75% 6 Month : 9.50% 1 Year : 9.65% |
07th Feb 18 | Overnight : 8.70% 1 Month : 8.70% 3 Month : 8.75% 6 Month : 9.50% 1 Year : 9.65% |
07th Jan 18 | Overnight : 8.80% 1 Month : 8.80% 3 Month : 8.85% 6 Month : 9.60% 1 Year : 9.75% |
07th Dec 17 | Overnight : 8.80% 1 Month : 8.80% 3 Month : 8.90% 6 Month : 9.65% 1 Year : 9.80% |
07th Nov 17 | Overnight : 8.85% 1 Month : 8.85% 3 Month : 8.90% 6 Month : 9.65% 1 Year : 9.80% |
07th Oct 17 | Overnight : 8.85% 1 Month : 8.85% 3 Month : 8.90% 6 Month : 9.65% 1 Year : 9.80% |
07th Sep 17 | Overnight : 8.85% 1 Month : 8.85% 3 Month : 8.90% 6 Month : 9.65% 1 Year : 9.80% |
07th Aug 17 | Overnight : 8.85% 1 Month : 8.85% 3 Month : 8.95% 6 Month : 9.70% 1 Year : 9.85% |
07th Jul 17 | Overnight : 8.90% 1 Month : 8.90% 3 Month : 8.95% 6 Month : 9.70% 1 Year : 9.85% |
08th Jun 17 | Overnight : 8.95% 1 Month : 8.95% 3 Month : 9.00% 6 Month : 9.75% 1 Year : 9.90% |
08th May 17 | Overnight : 8.95% 1 Month : 8.95% 3 Month : 9.00% 6 Month : 9.75% 1 Year : 9.90% |
07th Apr 17 | Overnight : 8.95% 1 Month : 8.95% 3 Month : 9.00% 6 Month : 9.75% 1 Year : 9.90% |
07th Mar 17 | Overnight : 8.95% 1 Month : 8.95% 3 Month : 9.00% 6 Month : 9.75% 1 Year : 9.90% |
07th Feb 17 | Overnight : 8.95% 1 Month : 8.95% 3 Month : 9.05% 6 Month : 9.75% 1 Year : 10.10% |
07th Jan 17 | Overnight : 9.30% 1 Month : 9.30% 3 Month : 9.35% 6 Month : 9.75% 1 Year : 10.10% |
07th Dec 16 | Overnight : 9.55% 1 Month : 9.55% 3 Month : 9.65% 6 Month : 10.05% 1 Year : 10.35% |
07th Nov 16 | Overnight : 9.55% 1 Month : 9.55% 3 Month : 9.65% 6 Month : 10.05% 1 Year : 10.35% |
07th Oct 16 | Overnight : 9.55% 1 Month : 9.55% 3 Month : 9.60% 6 Month : 10.00% 1 Year : 10.35% |
07th Sep 16 | Overnight : 9.55% 1 Month : 9.55% 3 Month : 9.70% 6 Month : 10.05% 1 Year : 10.35% |
08th Aug 16 | Overnight : 9.45% 1 Month : 9.45% 3 Month : 9.70% 6 Month : 10.15% 1 Year : 10.40% |
07th Jul 16 | Overnight : 9.80% 1 Month : 9.80% 3 Month : 10.00% 6 Month : 10.25% 1 Year : 10.40% |
07th Jun 16 | Overnight : 9.90% 1 Month : 9.90% 3 Month : 10.10% 6 Month : 10.20% 1 Year : 10.40% |
07th May 16 | Overnight : 10.05% 1 Month : 10.05% 3 Month : 10.05% 6 Month : 10.35% 1 Year : 10.45% |
- Effective 1st April 2016, Dhan Laxmi 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. Dhan Laxmi Bank MCLR rates for different tenors range from 7.30% to 8.70%.
- 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, Dhan Laxmi 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, Dhan Laxmi 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%, Dhan Laxmi 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 Dhan Laxmi Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from Dhan Laxmi Bank.
- MCLR rate can be revised by Dhan Laxmi Bank every month. However, 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 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.
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, 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 Dhan Laxmi Bank MCLR Rates with Other Banks
- Allahabad Bank
- Andhra Bank
- AU Small Finance Bank
- Axis Bank
- Bajaj Finserv
- Bandhan Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Cholamandalam
- Citibank
- Corporation Bank
- DBS Bank
- DCB Bank
- Dhan Laxmi Bank
- Edelweiss
- Equitas Small Finance Bank
- ESAF Small Finance Bank
- Federal Bank
- GIC Housing Finance
- HDFC
- HDFC Bank
- HSBC Bank
- ICICI Bank
- ICICI Home Finance
- IDBI Bank
- IDFC First Bank
- IIFL
- Indiabulls
- Indian Bank
- Indian Overseas Bank
- IndusInd Bank
- Jammu And Kashmir Bank
- Jana Small Finance Bank
- Karnataka Bank
- Karur Vysya Bank
- Kotak Bank
- Lakshmi Vilas Bank
- LIC Housing Finance
- LT Housing Finance
- OBC
- Piramal Housing Finance
- PNB
- PNB Housing Finance
- Punjab and Sind Bank
- RBL Bank
- SBI
- South Indian Bank
- Standard Chartered Bank
- Syndicate Bank
- UCO Bank
- Ujjivan Small Finance Bank
- Union Bank of India
- United Bank of India
- Yes Bank
About Dhan Laxmi Bank
- Dhan Laxmi Bank's registered office is located at Dhanlaxmi Bank Limited, PB No.9, Dhanalakshmi Buildings, Naickanal Thrisoor Kerala-680001.
- Dhan Laxmi Bank's management is led by its CEO Mr. Shivan J.K.
- Its current Base Rate is 9.80%, which was last revised on 29th May 21.
FAQs
✅What is the MCLR of Dhan Laxmi Bank?
Dhan Laxmi Bank MCLR ranges between 7.30% to 8.70% for a tenure ranging between 1 month to 5 years.
✅What is the current Dhan Laxmi Bank MCLR rate?
Current Dhan Laxmi Bank, overnight tenure is 7.30%, 1 month mclr is 7.30% , three month mclr is 8.20%, six month mclr is 8.50%, one year tenure is 8.70% and two year tenure is 0.00%.
✅What is Dhan Laxmi Bank base rate?
Currently, Dhan Laxmi Bank offers loans at a base rate of 9.80%.
-
Home Loan
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Personal Loan
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Gold Loan
Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500
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Loan Against Property
Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.
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Business Loan
Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.
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Fixed Deposit
AAA rated FDs with returns as high as 7.05%.
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- 2021-04-12 : Dhan Laxmi Bank revised its MCLR for the month of April
Dhan Laxmi Bank revised its Marginal cost of lending rates for the month of April. The overnight and one-month MCLR is 7.30%. The three months MCLR is 8.20%. In addition to this, the six months and one-year MCLR stands at 8.60% and 8.70%. The revised rates are in effect from 1 April 2021. - 2020-11-04 : Dhan Laxmi kept its MCLR same
Dhan Laxmi Bank kept its MCLR unchanged. The overnight and one-month MCLR is 8%. The three months MCLR is 8.40%. In addition to this, the six months and one-year MCLR stands at 8.90%. The rates are in effect from 1 November 2020. - 2020-09-09 : Dhan Laxmi revised its marginal cost of lending rates
Dhan Laxmi Bank changed its MCLR. The overnight and one-month MCLR is 8%. The three months MCLR is 8.40%. In addition to this, the six months and one-year MCLR stands at 8.90%. The revised rates are in effect from 1 September 2020. - 2020-06-05 : Dhan Laxmi revised its MCLR
Dhan Laxmi Bank changed its MCLR. The overnight and one-month MCLR is 8%. The three months MCLR is 8.40%. In addition to this, the six months and one-year MCLR stands at 8.95% and 9.05, respectively. The revised rates are in effect from 1 June 2020. - 2020-05-06 : Dhan Laxmi Bank revised MCLR
Dhan Laxmi Bank changed its MCLR. The overnight and one-month MCLR is 8%. The three months MCLR is 8.50%. In addition to this, the six months and one-year MCLR stands at 9.10% and 9.20, respectively. The revised rates are in effect from 5 May 2020.
