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Equitas Small Finance Bank MCLR Rates, Equitas Small Finance Bank Base Rate – Dec 2019

Equitas Small Finance Bank MCLR Rate

5th December 2019 – RBI keeps Repo Rate unchanged at 5.15%

Current MCLR rate of Equitas Small Finance Bank ranges from 14.20% to 14.90% varying by reset frequency of the loan. Equitas Small Finance 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 Equitas Bank Rate Today
Overnight 14.30%
1 Month 14.20%
3 Month 14.35%
6 Month 14.50%
1 Year 14.90%
Equitas Bank Base Rate -

Equitas Small Finance Bank Interest Rates

MCLR of Equitas Small Finance Bank

Equitas Small Finance Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of Equitas Small Finance Bank as announced on 01 Dec 2019 are:

  • Overnight MCLR Rate is 14.30%. The rate was last revised on 01 Dec 2019 to 14.30% from 13.65%
  • 1 Month MCLR Rate is 14.20%. The rate was last revised on 01 Dec 2019 to 14.20% from 13.45%
  • 3 Month MCLR Rate is 14.35%. The rate was last revised on 01 Dec 2019 to 14.35% from 13.85%
  • 6 Month MCLR Rate is 14.50%. The rate was last revised on 01 Dec 2019 to 14.50% from 14.00%
  • 1 Year MCLR Rate is 14.90%. The rate was last revised on 01 Dec 2019 to 14.90% from 14.45%

Equitas Small Finance Bank MCLR Rate Trend

Date Equitas Small Finance Bank MCLR
01st Dec 19
Overnight : 14.30%
1 Month : 14.20%
3 Month : 14.35%
6 Month : 14.50%
1 Year : 14.90%
01st Nov 19
Overnight : 13.65%
1 Month : 13.45%
3 Month : 13.85%
6 Month : 14.00%
1 Year : 14.45%
01st Oct 19
Overnight : 14.10%
1 Month : 14.00%
3 Month : 14.25%
6 Month : 14.60%
1 Year : 15.05%
01st Sep 19
Overnight : 14.30%
1 Month : 14.25%
3 Month : 14.60%
6 Month : 14.85%
1 Year : 15.35%
01st Aug 19
Overnight : 13.75%
1 Month : 13.85%
3 Month : 14.30%
6 Month : 14.50%
1 Year : 14.95%
01st Jul 19
Overnight : 14.35%
1 Month : 14.55%
3 Month : 14.85%
6 Month : 15.35%
1 Year : 15.60%
01st Jun 19
Overnight : 14.05%
1 Month : 14.85%
3 Month : 15.10%
6 Month : 15.25%
1 Year : 15.50%
01st May 19
Overnight : 14.30%
1 Month : 15.00%
3 Month : 14.90%
6 Month : 15.05%
1 Year : 15.30%
01st Apr 19
Overnight : 13.95%
1 Month : 14.90%
3 Month : 15.00%
6 Month : 15.20%
1 Year : 15.35%
01st Mar 19
Overnight : 14.95%
1 Month : 15.05%
3 Month : 15.55%
6 Month : 15.75%
1 Year : 16.25%
01st Feb 19
Overnight : 14.55%
1 Month : 14.75%
3 Month : 15.15%
6 Month : 15.70%
1 Year : 16.00%
01st Jan 19
Overnight : 14.45%
1 Month : 14.80%
3 Month : 15.05%
6 Month : 15.80%
1 Year : 16.15%
01st Dec 18
Overnight : 14.40%
1 Month : 14.75%
3 Month : 15.35%
6 Month : 15.45%
1 Year : 16.10%
01st Nov 18
Overnight : 14.05%
1 Month : 14.50%
3 Month : 15.10%
6 Month : 15.30%
1 Year : 15.90%
01st Oct 18
Overnight : 14.25%
1 Month : 14.80%
3 Month : 15.05%
6 Month : 15.55%
1 Year : 15.95%
01st Sep 18
Overnight : 13.85%
1 Month : 14.05%
3 Month : 14.55%
6 Month : 14.90%
1 Year : 15.35%
01st Aug 18
Overnight : 13.45%
1 Month : 13.70%
3 Month : 14.15%
6 Month : 14.55%
1 Year : 15.15%
01st Jul 18
Overnight : 13.40%
1 Month : 14.25%
3 Month : 14.40%
6 Month : 14.85%
1 Year : 15.40%
01st Jun 18
Overnight : 13.35%
1 Month : 14.00%
3 Month : 14.75%
6 Month : 15.10%
1 Year : 15.30%
01st May 18
Overnight : 14.40%
1 Month : 14.80%
3 Month : 14.95%
6 Month : 15.30%
1 Year : 15.55%
01st Apr 18
Overnight : 14.70%
1 Month : 15.40%
3 Month : 15.85%
6 Month : 16.05%
1 Year : 16.10%
01st Mar 18
Overnight : 15.90%
1 Month : 16.00%
3 Month : 16.05%
6 Month : 16.10%
1 Year : 16.15%
01st Nov 10
Overnight : 13.65%
1 Month : 13.45%
3 Month : 13.85%
6 Month : 14.00%
1 Year : 14.45%
  • Effective 1st April 2016, Equitas Small Finance 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. Equitas Small Finance Bank MCLR rates for different tenors range from 14.20% to 14.90%.
  • 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, Equitas Small Finance 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, Equitas Small Finance 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%, Equitas Bank 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 Equitas Small Finance Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from Equitas Small Finance Bank.
  • MCLR rate can be revised by Equitas Small Finance Bank every month. However, it is not mandatory for Equitas Small Finance Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

Compare MCLR Rate Movement



    Compare Equitas Small Finance Bank MLCR Rates with Other Banks

    About Equitas Small Finance Bank

    • Equitas Small Finance Bank's registered office is located at 410A, 4th Floor, Spencer Plaza, Phase II No.769, Mount Road, Anna Salai Chennai Chennai TN 600002 IN.
    • Equitas Small Finance Bank's management is led by its CEO Mr.S.Bhaskar.
    • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
    Equitas Bank News - Dec 2019
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