Karnataka Bank Base Rate, Karnataka Bank MCLR Base Rate Past Trend

Get upto Rs 5,000/- Cashback*
Terms & Conditions Apply*
Apply Online

Current Karnataka Bank MCLR Base Rate

Last Updated 20th Oct 16

Tenure Base Rate, MCLR
Overnight 8.95%
1 Month 9.05%
3 Month 9.10%
6 Month 9.15%
1 Year 9.20%
Current MCLR base rate of Karnataka Bank ranges from 8.95% to 9.20% depending on the reset frequency of the loan. Rates are revised every month.
Apply Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 

I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry
  • Home Loan Interest Rates - 9.7% * Floating Detail
    Interest Rate :
    Lowest EMI :
    Rs. 855 per lakh
    Tenure :
    Max 30 years
    Processing Fee :
    Age :
    Max 60 years for salaried
    Prepayment Charges :
    Allowed with nil charges for floating rate loans
  • Loan Against Property Rates - 13.2% * Floating Detail
    Interest Rate :
    Lowest EMI :
    Rs. 1,278 per lakh
    Tenure :
    Max 15 years
    Processing Fee :
    Age :
    Max 60 years for salaried
    Prepayment Charges :
    Allowed with nil charges for floating rate loans
  • Fixed Deposit Interest Rates - 3.50% to 7.60% *Detail
    30 Days :
    45 Days :
    60 Days :
    90 Days :
    120 Days :
    6 Months :
    9 Months :
    12 Months :
    18 Months :
    2 Year :
    3 Year :
    4 Year :
    5 Year :
    7 Year :
    10 Year :
    Last Revised Date :
    20th Oct 2016

Past Trend Base Rate of Karnataka Bank

SBI base 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
01st Apr 16

Karnataka Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Karnataka Bank decides its own base rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR base 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. Karnataka Bank has different MCLR base rates ranging from 8.95% to 9.20% for different tenures

Changes in MCLR Base rate of Karnataka Bank

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

Karnataka Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Karnataka Bank is benchmarked to its MCLR base 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 Karnataka 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 Karnataka 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 9.20%. This loan will initially be priced at 9.7%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 8.95%, the loan will be priced at 9.45% for the next year

Past trend of Karnataka Bank Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
05th Oct 15 10.25% decreased by 0.25%
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
01st Jun 15 10.50% decreased by 0.25%
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
29th Jan 13: 0.25% repo cut by RBI
10th Nov 12 10.75% decreased by 0.25%
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
03rd Aug 11 11.00% increased by 0.5%
26th Jul 11: 0.5% repo hike by RBI
04th Jul 11 10.50% increased by 0.25%
16th Jun 11: 0.25% repo hike by RBI
23rd May 11 10.25% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
14th Feb 11 9.75% increased by 0.75%
25th Jan 11: 0.25% repo hike by RBI
02nd Nov 10: 0.25% repo hike by RBI
01st Nov 10 9.00% increased by 0.25%
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 8.75%

Karnataka Bank Base Rate Vs. RBI Repo Rate Trend

About Karnataka Bank

  • Karnataka Bank is a Private Bank in India with 675 branches, 1,000 ATM's and 7,382 employees across the country.
  • Karnataka Bank's registered office is located at P.O. Box 599, Mahaveera Circle, Kankanady, Mangalore-575002 India.
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 1,169 crs. and Standalone net profit of Rs. 451 crs. Karnataka Bank reported total deposits of Rs. 46,009 crs and total advances of Rs. 31,680 crs.
  • Karnataka Bank's management is led by its CEO Mr. P Jayarama Bhat.
  • Highest fixed deposit interest offered by Karnataka Bank is 7.60% per annum on deposits.
  • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
Best Offers on Home Loan, Loan Against Property, Personal Loan, Gold Loan
Cashback Upto Rs. 5,000/
News - Oct 2016
17th Sep 16 Karnataka Bank launches retail loan portal
Karnataka Bank has launched an online retail loan web portal named KBL-Loan Junction. This will facilitate the customers to check their retail loan eligibility and submit their loan application online. The bank also offers credit proposal tracking system as part of the initiative.
06th Aug 16 Karnataka Bank launched a mobile app for POS merchants
Karnataka Bank launched KBL POS Manager mobile app to its POS merchants to enable ease and convenience to the merchants KBL POS Manager is an Android based mobile application launched to manage the activities around the POS installation like monitoring daily reports, to know latest settlement report value, to request statements from the app etc. With this initiative, merchants can manage their store sales through smart phone. Bank has taken this initiative to improve client satisfaction and support merchants to do more transactions.
28th Jul 16 Karnataka Bank Q1FY17 Net Profit increases by 11%
As per the results for Q1FY17, Karnataka Bank Ltd. has reported a 11.2 percent increase in Net Profit to Rs 121.5 crore, from Rs 109.3 crore in the same quarter last year. Net Interest Income(NII) increased by 10.1 percent to Rs 364.7 crore and other income increased by 46 percent to Rs 174.4 crore in the June quarter . The asset quality showed signs of weakening as Gross NPAs as a percentage of total advances, increased to 3.92 percent from 3.44 percent and Net NPA also increased to 2.61 percent from 2.35 percent in March quarter. The provision against bad debt also increased by 21.2 to Rs 136.3 crore from Rs 112.5 when compared on qoq basis.
22nd Jan 16 Karnataka Bank standalone net profit declines 9 per cent for third quarter ending Dec 2015
Karnataka bank net profit declined by 9.37% due to a decrease in spread and an increase in Net Interest Income (NII)