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Federal Bank MCLR Rates, Federal Bank Base Rate – Dec 2019

Federal Bank MCLR Rate

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

Current MCLR rate of Federal Bank ranges from 8.45% to 8.90% varying by reset frequency of the loan. Federal 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 Federal Rate Today
Overnight 8.45%
1 Month 8.55%
3 Month 8.70%
6 Month 8.80%
1 Year 8.90%
Federal Base Rate 9.63%

Federal Bank Interest Rates

Federal Bank Interest Rates
Home Loan Interest Rates 8.55% * Floating Detail
Loan Against Property Rates 11.90% * Floating Detail
Personal Loan Interest Rates 11.49% to 14.49% Detail
Car Loan Interest Rates 9.15% Detail
Gold Loan Interest Rates 11.75% to 13.50% Detail
Fixed Deposit Interest Rates 3.50% to 6.85% Detail

MCLR of Federal Bank

Federal Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of Federal Bank as announced on 16 Nov 2019 are:

  • Overnight MCLR Rate is 8.45%. The rate was last revised on 16 Oct 2019 to 8.45% from 8.55%
  • 1 Month MCLR Rate is 8.55%. The rate was last revised on 16 Oct 2019 to 8.55% from 8.65%
  • 3 Month MCLR Rate is 8.70%. The rate was last revised on 16 Oct 2019 to 8.70% from 8.80%
  • 6 Month MCLR Rate is 8.80%. The rate was last revised on 16 Oct 2019 to 8.80% from 8.90%
  • 1 Year MCLR Rate is 8.90%. The rate was last revised on 16 Oct 2019 to 8.90% from 9.00%

Federal Bank MCLR Rate Trend

Date Federal Bank MCLR
16th Nov 19
Overnight : 8.45%
1 Month : 8.55%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th Oct 19
Overnight : 8.45%
1 Month : 8.55%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
17th Sep 19
Overnight : 8.55%
1 Month : 8.65%
3 Month : 8.80%
6 Month : 8.90%
1 Year : 9.00%
16th Aug 19
Overnight : 8.55%
1 Month : 8.65%
3 Month : 8.80%
6 Month : 8.90%
1 Year : 9.00%
16th Jul 19
Overnight : 8.70%
1 Month : 8.80%
3 Month : 8.95%
6 Month : 9.05%
1 Year : 9.15%
16th Jun 19
Overnight : 8.70%
1 Month : 8.80%
3 Month : 8.95%
6 Month : 9.05%
1 Year : 9.15%
16th May 19
Overnight : 8.70%
1 Month : 8.80%
3 Month : 8.95%
6 Month : 9.05%
1 Year : 9.15%
16th Apr 19
Overnight : 8.70%
1 Month : 8.80%
3 Month : 8.95%
6 Month : 9.05%
1 Year : 9.15%
16th Mar 19
Overnight : 8.75%
1 Month : 8.85%
3 Month : 9.00%
6 Month : 9.10%
1 Year : 9.20%
16th Feb 19
Overnight : 8.75%
1 Month : 8.85%
3 Month : 9.00%
6 Month : 9.10%
1 Year : 9.20%
16th Jan 19
Overnight : 8.75%
1 Month : 8.85%
3 Month : 9.00%
6 Month : 9.10%
1 Year : 9.20%
16th Dec 18
Overnight : 8.75%
1 Month : 8.85%
3 Month : 9.00%
6 Month : 9.10%
1 Year : 9.20%
16th Nov 18
Overnight : 8.75%
1 Month : 8.85%
3 Month : 9.00%
6 Month : 9.10%
1 Year : 9.20%
16th Oct 18
Overnight : 8.75%
1 Month : 8.85%
3 Month : 9.00%
6 Month : 9.10%
1 Year : 9.20%
16th Sep 18
Overnight : 8.75%
1 Month : 8.85%
3 Month : 9.00%
6 Month : 9.10%
1 Year : 9.20%
16th Aug 18
Overnight : 8.75%
1 Month : 8.85%
3 Month : 9.00%
6 Month : 9.10%
1 Year : 9.20%
16th Jul 18
Overnight : 8.75%
1 Month : 8.85%
3 Month : 8.95%
6 Month : 9.05%
1 Year : 9.15%
16th Jun 18
Overnight : 8.75%
1 Month : 8.85%
3 Month : 8.95%
6 Month : 9.05%
1 Year : 9.15%
16th May 18
Overnight : 8.65%
1 Month : 8.70%
3 Month : 8.75%
6 Month : 8.85%
1 Year : 8.95%
16th May 18
Overnight : 8.65%
1 Month : 8.70%
3 Month : 8.75%
6 Month : 8.85%
1 Year : 8.95%
16th Apr 18
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th Mar 18
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th Feb 18
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th Jan 18
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th Dec 17
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th Nov 17
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th Oct 17
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th Sep 17
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th Aug 17
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th Jul 17
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th Jun 17
Overnight : 8.60%
1 Month : 8.65%
3 Month : 8.70%
6 Month : 8.80%
1 Year : 8.90%
16th May 17
Overnight : 8.65%
1 Month : 8.70%
3 Month : 8.75%
6 Month : 8.85%
1 Year : 8.95%
16th Apr 17
Overnight : 8.70%
1 Month : 8.70%
3 Month : 8.75%
6 Month : 8.85%
1 Year : 8.95%
16th Mar 17
Overnight : 8.70%
1 Month : 8.70%
3 Month : 8.75%
6 Month : 8.85%
1 Year : 8.95%
16th Feb 17
Overnight : 8.70%
1 Month : 8.70%
3 Month : 8.75%
6 Month : 8.85%
1 Year : 8.95%
16th Jan 17
Overnight : 8.70%
1 Month : 8.75%
3 Month : 8.80%
6 Month : 8.85%
1 Year : 8.95%
01st Jan 17
Overnight : 8.90%
1 Month : 8.95%
3 Month : 9.10%
6 Month : 9.20%
1 Year : 9.30%
01st Dec 16
Overnight : 8.95%
1 Month : 9.00%
3 Month : 9.15%
6 Month : 9.25%
1 Year : 9.40%
01st Nov 16
Overnight : 9.10%
1 Month : 9.20%
3 Month : 9.30%
6 Month : 9.40%
1 Year : 9.45%
01st Oct 16
Overnight : 9.10%
1 Month : 9.43%
3 Month : 9.57%
6 Month : 9.57%
1 Year : 9.52%
01st Sep 16
Overnight : 9.10%
1 Month : 9.43%
3 Month : 9.57%
6 Month : 9.57%
1 Year : 9.52%
01st Aug 16
Overnight : 9.10%
1 Month : 9.43%
3 Month : 9.57%
6 Month : 9.57%
1 Year : 9.52%
01st Jul 16
Overnight : 9.10%
1 Month : 9.43%
3 Month : 9.57%
6 Month : 9.57%
1 Year : 9.52%
01st Jun 16
Overnight : 9.08%
1 Month : 9.41%
3 Month : 9.55%
6 Month : 9.54%
1 Year : 9.49%
01st May 16
Overnight : 9.08%
1 Month : 9.41%
3 Month : 9.55%
6 Month : 9.54%
1 Year : 9.49%
01st Apr 16
Overnight : 9.14%
1 Month : 9.47%
3 Month : 9.60%
6 Month : 9.60%
1 Year : 9.54%
  • Effective 1st April 2016, Federal 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. Federal Bank MCLR rates for different tenors range from 8.45% to 8.90%.
  • 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, Federal 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, Federal 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%, Federal 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 Federal Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from Federal Bank.
  • MCLR rate can be revised by Federal Bank every month. However, it is not mandatory for Federal Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

Federal Bank Home Loan Interest Rate and MCLR

  • Every floating rate loan sanctioned by Federal 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 Federal Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. Federal Bank home loan rate is benchmarked to MCLR Base Rate which will be repriced after . Say, you take a loan from Federal at current MCLR rate of % plus spread of 20 bps. So, the loan will initially be priced at 0.2%. Its next re-pricing will be done after from now. If the 3 Month MCLR rate after increases by 10 bps, the loan will be priced at 0.3% for the next period.

Compare MCLR Rate Movement



    Compare Federal Bank MLCR Rates with Other Banks

    About Federal Bank

    • Federal Bank's registered office is located at P.O.Box No.103 Federal Towers Aluva, Kerala-683101 .
    • Federal Bank's management is led by its CEO Mr. Shyam Srinivasan.
    • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
    Federal News - Dec 2019
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More