Lakshmi Vilas Bank MCLR Rates, Lakshmi Vilas Bank Base Rate – Dec 2019
Lakshmi Vilas Bank MCLR Rate
5th December 2019 – RBI keeps Repo Rate unchanged at 5.15%
Current MCLR rate of Lakshmi Vilas Bank ranges from 10.25% to 10.55% varying by reset frequency of the loan. Lakshmi Vilas 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 | Lakshmi Vilas Rate Today |
---|---|
Overnight | 10.25% |
1 Month | 10.30% |
3 Month | 10.35% |
6 Month | 10.45% |
1 Year | 10.55% |
Lakshmi Vilas Base Rate | 10.15% |
Lakshmi Vilas Bank Interest Rates
Lakshmi Vilas Bank Interest Rates
Home Loan Interest Rates | 9.70% * Floating | Detail |
Loan Against Property Rates | 11.65% * Floating | Detail |
Fixed Deposit Interest Rates | 4.50% to 7.80% | Detail |
RD Interest Rates | 6.50% to 8.00% | Detail |
MCLR of Lakshmi Vilas Bank
Lakshmi Vilas Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of Lakshmi Vilas Bank as announced on 01 Dec 2019 are:
- Overnight MCLR Rate is 10.25%. The rate was last revised on 01 Dec 2019 to 10.25% from 10.10%
- 1 Month MCLR Rate is 10.30%. The rate was last revised on 01 Dec 2019 to 10.30% from 10.15%
- 3 Month MCLR Rate is 10.35%. The rate was last revised on 01 Dec 2019 to 10.35% from 10.20%
- 6 Month MCLR Rate is 10.45%. The rate was last revised on 01 Dec 2019 to 10.45% from 10.30%
- 1 Year MCLR Rate is 10.55%. The rate was last revised on 01 Dec 2019 to 10.55% from 10.40%
Lakshmi Vilas Bank MCLR Rate Trend
Date | Lakshmi Vilas Bank MCLR |
---|---|
01st Dec 19 | Overnight : 10.25% 1 Month : 10.30% 3 Month : 10.35% 6 Month : 10.45% 1 Year : 10.55% |
01st Nov 19 | Overnight : 10.10% 1 Month : 10.15% 3 Month : 10.20% 6 Month : 10.30% 1 Year : 10.40% |
01st Nov 19 | Overnight : 10.10% 1 Month : 10.10% 3 Month : 10.20% 6 Month : 10.30% 1 Year : 10.40% |
01st Oct 19 | Overnight : 9.70% 1 Month : 9.70% 3 Month : 9.75% 6 Month : 9.85% 1 Year : 9.95% |
01st Sep 19 | Overnight : 9.70% 1 Month : 9.70% 3 Month : 9.75% 6 Month : 9.80% 1 Year : 9.95% |
01st Aug 19 | Overnight : 9.75% 1 Month : 9.75% 3 Month : 9.80% 6 Month : 9.85% 1 Year : 9.95% |
01st Jul 19 | Overnight : 9.80% 1 Month : 9.80% 3 Month : 9.85% 6 Month : 9.90% 1 Year : 10.00% |
01st Jun 19 | Overnight : 9.75% 1 Month : 9.75% 3 Month : 9.80% 6 Month : 9.90% 1 Year : 10.00% |
01st May 19 | Overnight : 9.75% 1 Month : 9.75% 3 Month : 9.80% 6 Month : 9.90% 1 Year : 10.05% |
01st Apr 19 | Overnight : 9.70% 1 Month : 9.70% 3 Month : 9.75% 6 Month : 9.80% 1 Year : 9.90% |
01st Mar 19 | Overnight : 9.65% 1 Month : 9.70% 3 Month : 9.70% 6 Month : 9.75% 1 Year : 9.90% |
01st Feb 19 | Overnight : 9.65% 1 Month : 9.65% 3 Month : 9.70% 6 Month : 9.75% 1 Year : 9.90% |
01st Jan 19 | Overnight : 9.55% 1 Month : 9.60% 3 Month : 9.60% 6 Month : 9.65% 1 Year : 9.80% |
01st Dec 18 | Overnight : 9.50% 1 Month : 9.55% 3 Month : 9.60% 6 Month : 9.65% 1 Year : 9.80% |
01st Nov 18 | Overnight : 9.40% 1 Month : 9.40% 3 Month : 9.50% 6 Month : 9.60% 1 Year : 9.80% |
01st Oct 18 | Overnight : 9.25% 1 Month : 9.30% 3 Month : 9.40% 6 Month : 9.55% 1 Year : 9.80% |
01st Sep 18 | Overnight : 9.40% 1 Month : 9.45% 3 Month : 9.60% 6 Month : 9.75% 1 Year : 10.05% |
01st Aug 18 | Overnight : 9.00% 1 Month : 9.05% 3 Month : 9.20% 6 Month : 9.35% 1 Year : 9.70% |
01st Jul 18 | Overnight : 9.05% 1 Month : 9.10% 3 Month : 9.20% 6 Month : 9.40% 1 Year : 9.70% |
01st Jun 18 | Overnight : 8.85% 1 Month : 8.95% 3 Month : 9.10% 6 Month : 9.30% 1 Year : 9.70% |
01st May 18 | Overnight : 8.75% 1 Month : 8.80% 3 Month : 8.95% 6 Month : 9.10% 1 Year : 9.45% |
01st Apr 18 | Overnight : 8.95% 1 Month : 9.00% 3 Month : 9.05% 6 Month : 9.20% 1 Year : 9.40% |
01st Mar 18 | Overnight : 8.90% 1 Month : 8.90% 3 Month : 9.00% 6 Month : 9.10% 1 Year : 9.35% |
01st Feb 18 | Overnight : 8.80% 1 Month : 8.85% 3 Month : 8.90% 6 Month : 9.00% 1 Year : 9.20% |
01st Jan 18 | Overnight : 8.85% 1 Month : 8.85% 3 Month : 8.95% 6 Month : 9.00% 1 Year : 9.15% |
01st Dec 17 | Overnight : 8.95% 1 Month : 8.95% 3 Month : 9.00% 6 Month : 9.05% 1 Year : 9.20% |
01st Nov 17 | Overnight : 9.25% 1 Month : 9.25% 3 Month : 9.25% 6 Month : 9.25% 1 Year : 9.30% |
01st Oct 17 | Overnight : 9.35% 1 Month : 9.35% 3 Month : 9.30% 6 Month : 9.30% 1 Year : 9.35% |
01st Sep 17 | Overnight : 9.45% 1 Month : 9.45% 3 Month : 9.40% 6 Month : 9.40% 1 Year : 9.40% |
01st Aug 17 | Overnight : 9.50% 1 Month : 9.50% 3 Month : 9.50% 6 Month : 9.45% 1 Year : 9.45% |
01st Jul 17 | Overnight : 9.50% 1 Month : 9.50% 3 Month : 9.50% 6 Month : 9.50% 1 Year : 9.50% |
01st Jun 17 | Overnight : 9.35% 1 Month : 9.35% 3 Month : 9.40% 6 Month : 9.45% 1 Year : 9.50% |
01st May 17 | Overnight : 9.40% 1 Month : 9.45% 3 Month : 9.50% 6 Month : 9.60% 1 Year : 9.70% |
01st Apr 17 | Overnight : 9.40% 1 Month : 9.45% 3 Month : 9.50% 6 Month : 9.60% 1 Year : 9.75% |
09th Feb 17 | Overnight : 9.80% 1 Month : 9.80% 3 Month : 9.80% 6 Month : 9.75% 1 Year : 9.75% |
01st Jan 17 | Overnight : 10.20% 1 Month : 10.20% 3 Month : 10.15% 6 Month : 10.15% 1 Year : 10.15% |
01st Oct 16 | Overnight : 10.25% 1 Month : 10.25% 3 Month : 10.25% 6 Month : 10.20% 1 Year : 10.25% |
01st Apr 16 | Overnight : 10.15% 1 Month : 10.20% 3 Month : 10.20% 6 Month : 10.20% 1 Year : 10.30% |
- Effective 1st April 2016, Lakshmi Vilas 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. Lakshmi Vilas Bank MCLR rates for different tenors range from 10.25% to 10.55%.
- 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, Lakshmi Vilas 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, Lakshmi Vilas 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%, Lakshmi Vilas 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 Lakshmi Vilas Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from Lakshmi Vilas Bank.
- MCLR rate can be revised by Lakshmi Vilas Bank every month. However, it is not mandatory for Lakshmi Vilas Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.
Lakshmi Vilas Bank Home Loan Interest Rate and MCLR
- Every floating rate loan sanctioned by Lakshmi Vilas 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 Lakshmi Vilas Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. Lakshmi Vilas Bank home loan rate is benchmarked to MCLR Base Rate which will be repriced after . Say, you take a loan from Lakshmi Vilas 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 Lakshmi Vilas Bank MLCR 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
- DHFL
- Edelweiss
- Equitas Small Finance Bank
- Federal Bank
- GIC Housing Finance
- HDFC
- HDFC Bank
- HSBC Bank
- ICICI Bank
- IDBI Bank
- IDFC First Bank
- IIFL
- Indiabulls
- Indian Bank
- Indian Overseas Bank
- IndusInd Bank
- Jammu And Kashmir 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
- Union Bank of India
- United Bank of India
- Yes Bank
About Lakshmi Vilas Bank
- Lakshmi Vilas Bank's registered office is located at Salem Road, Kathaparai, Karur TamilNadu-639006 .
- Lakshmi Vilas Bank's management is led by its CEO Mr. Parthasarathi Mukherjee.
- Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.