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RBL Bank MCLR Rates, RBL Bank Base Rate – Aug 2019

RBL Bank MCLR Rate

7th August 2019 – RBI cuts repo rate by 35 bps to 5.40%

Current MCLR rate of RBL Bank ranges from 9.20% to 9.95% varying by reset frequency of the loan. RBL 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 RBL Bank Rate Today
Overnight 9.20%
1 Month 9.25%
3 Month 9.50%
6 Month 9.70%
1 Year 9.95%
RBL Bank Base Rate 10.15%

RBL Bank Interest Rates

RBL Bank Interest Rates
Home Loan Interest Rates 10.45% * Floating Detail
Loan Against Property Rates 13.05% * Floating Detail
Personal Loan Interest Rates 13.99% to 16.00% Detail
Business Loan Interest Rates 20.00% to 22.00% Detail
Fixed Deposit Interest Rates 5.00% to 7.75% Detail
RD Interest Rates 7.15% to 8.05% Detail

MCLR of RBL Bank

RBL Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of RBL Bank as announced on 22 Aug 2019 are:

  • Overnight MCLR Rate is 9.20%. The rate was last revised on 22 Aug 2019 to 9.20% from 9.30%
  • 1 Month MCLR Rate is 9.25%. The rate was last revised on 22 Aug 2019 to 9.25% from 9.30%
  • 3 Month MCLR Rate is 9.50%. The rate was last revised on 22 Aug 2019 to 9.50% from 9.55%
  • 6 Month MCLR Rate is 9.70%. The rate was last revised on 22 Aug 2019 to 9.70% from 9.75%
  • 1 Year MCLR Rate is 9.95%. The rate was last revised on 22 Jul 2019 to 9.95% from 10.10%

RBL Bank MCLR Rate Trend

Date RBL Bank MCLR
22nd Aug 19
Overnight : 9.20%
1 Month : 9.25%
3 Month : 9.50%
6 Month : 9.70%
1 Year : 9.95%
22nd Jul 19
Overnight : 9.30%
1 Month : 9.30%
3 Month : 9.55%
6 Month : 9.75%
1 Year : 9.95%
22nd Jun 19
Overnight : 9.35%
1 Month : 9.40%
3 Month : 9.65%
6 Month : 9.85%
1 Year : 10.10%
2 Year : 10.35%
3 Year : 10.45%
22nd May 19
Overnight : 9.40%
1 Month : 9.45%
3 Month : 9.70%
6 Month : 9.90%
1 Year : 10.15%
2 Year : 10.40%
3 Year : 10.50%
22nd Apr 19
Overnight : 9.40%
1 Month : 9.45%
3 Month : 9.70%
6 Month : 9.90%
1 Year : 10.15%
2 Year : 10.40%
3 Year : 10.50%
22nd Mar 19
Overnight : 9.45%
1 Month : 9.50%
3 Month : 9.75%
6 Month : 9.95%
1 Year : 10.25%
2 Year : 10.50%
3 Year : 10.60%
22nd Feb 19
Overnight : 9.45%
1 Month : 9.50%
3 Month : 9.75%
6 Month : 9.95%
1 Year : 10.25%
2 Year : 10.50%
3 Year : 10.60%
22nd Dec 18
Overnight : 9.40%
1 Month : 9.45%
3 Month : 9.70%
6 Month : 9.95%
1 Year : 10.25%
2 Year : 10.50%
3 Year : 10.60%
22nd Nov 18
Overnight : 9.35%
1 Month : 9.45%
3 Month : 9.65%
6 Month : 9.90%
1 Year : 10.15%
2 Year : 10.40%
3 Year : 10.55%
22nd Oct 18
Overnight : 9.25%
1 Month : 9.35%
3 Month : 9.50%
6 Month : 9.75%
1 Year : 10.00%
2 Year : 10.25%
3 Year : 10.35%
22nd Sep 18
Overnight : 9.25%
1 Month : 9.35%
3 Month : 9.45%
6 Month : 9.75%
1 Year : 9.90%
2 Year : 10.15%
3 Year : 10.25%
22nd Aug 18
Overnight : 9.10%
1 Month : 9.20%
3 Month : 9.30%
6 Month : 9.65%
1 Year : 9.75%
2 Year : 10.05%
3 Year : 10.15%
22nd Jul 18
Overnight : 9.05%
1 Month : 9.20%
3 Month : 9.30%
6 Month : 9.60%
1 Year : 9.70%
2 Year : 9.95%
3 Year : 10.05%
22nd Jun 18
Overnight : 9.10%
1 Month : 9.30%
3 Month : 9.45%
6 Month : 9.60%
1 Year : 9.70%
2 Year : 9.95%
3 Year : 10.05%
22nd May 18
Overnight : 9.10%
1 Month : 9.25%
3 Month : 9.35%
6 Month : 9.45%
1 Year : 9.55%
2 Year : 9.75%
3 Year : 9.85%
22nd Apr 18
Overnight : 9.05%
1 Month : 9.20%
3 Month : 9.30%
6 Month : 9.40%
1 Year : 9.50%
2 Year : 9.65%
3 Year : 9.75%
22nd Mar 18
Overnight : 9.00%
1 Month : 9.10%
3 Month : 9.20%
6 Month : 9.35%
1 Year : 9.45%
2 Year : 9.55%
3 Year : 9.65%
22nd Feb 18
Overnight : 8.95%
1 Month : 9.05%
3 Month : 9.15%
6 Month : 9.30%
1 Year : 9.40%
2 Year : 9.50%
3 Year : 9.60%
22nd Jan 18
Overnight : 8.95%
1 Month : 9.05%
3 Month : 9.10%
6 Month : 9.20%
1 Year : 9.25%
2 Year : 9.35%
3 Year : 9.45%
22nd Nov 17
Overnight : 8.90%
1 Month : 9.00%
3 Month : 9.05%
6 Month : 9.15%
1 Year : 9.20%
2 Year : 9.25%
3 Year : 9.35%
22nd Oct 17
Overnight : 8.95%
1 Month : 9.05%
3 Month : 9.10%
6 Month : 9.20%
1 Year : 9.25%
2 Year : 9.30%
3 Year : 9.40%
22nd Sep 17
Overnight : 9.00%
1 Month : 9.10%
3 Month : 9.15%
6 Month : 9.25%
1 Year : 9.30%
2 Year : 9.40%
3 Year : 9.50%
22nd Aug 17
Overnight : 9.20%
1 Month : 9.25%
3 Month : 9.30%
6 Month : 9.40%
1 Year : 9.45%
2 Year : 9.60%
3 Year : 9.70%
22nd Jul 17
Overnight : 9.30%
1 Month : 9.35%
3 Month : 9.40%
6 Month : 9.50%
1 Year : 9.55%
2 Year : 9.75%
3 Year : 9.85%
22nd May 17
Overnight : 9.45%
1 Month : 9.50%
3 Month : 9.50%
6 Month : 9.55%
1 Year : 9.60%
2 Year : 9.75%
3 Year : 9.85%
22nd Feb 17
Overnight : 9.60%
1 Month : 9.60%
3 Month : 9.65%
6 Month : 9.70%
1 Year : 9.75%
2 Year : 9.85%
3 Year : 9.95%
22nd Dec 16
Overnight : 9.70%
1 Month : 9.70%
3 Month : 9.75%
6 Month : 9.80%
1 Year : 9.85%
2 Year : 9.95%
3 Year : 10.05%
22nd Sep 16
Overnight : 10.00%
1 Month : 10.00%
3 Month : 10.15%
6 Month : 10.20%
1 Year : 10.25%
2 Year : 10.40%
3 Year : 10.50%
22nd Jun 16
Overnight : 10.15%
1 Month : 10.20%
3 Month : 10.35%
6 Month : 10.35%
1 Year : 10.40%
2 Year : 10.50%
3 Year : 10.55%
01st Apr 16
Overnight : 10.35%
1 Month : 10.40%
3 Month : 10.55%
6 Month : 10.60%
1 Year : 10.60%
2 Year : 10.75%
3 Year : 10.85%
30th Nov -1
Overnight : 9.05%
1 Month : 9.20%
3 Month : 9.30%
6 Month : 9.40%
1 Year : 9.50%
2 Year : 9.65%
3 Year : 9.75%
  • Effective 1st April 2016, RBL 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. RBL Bank MCLR rates for different tenors range from 9.20% to 9.95%.
  • 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, RBL 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, RBL 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%, RBL Bank may decide to cut its 1 Year 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 RBL Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from RBL Bank.
  • MCLR rate can be revised by RBL Bank every month. However, it is not mandatory for RBL Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

RBL Bank Home Loan Interest Rate and MCLR

  • Every floating rate loan sanctioned by RBL 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 RBL Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. RBL Bank home loan rate is benchmarked to 1 Year MCLR Base Rate which will be repriced after 1 Year. Say, you take a loan from RBL Bank at current 1 Year MCLR rate of 9.95% plus spread of 20 bps. So, the loan will initially be priced at 10.15%. Its next re-pricing will be done after 1 Year from now. If the 3 Month MCLR rate after 1 Year increases by 10 bps, the loan will be priced at 10.25% for the next period.

Compare MCLR Rate Movement



    Compare RBL Bank MLCR Rates with Other Banks

    About RBL Bank

    • RBL Bank's registered office is located at RBL Bank Ltd. 1st Lane, Shahupuri, Kolhapur-416001 Maharashtra State, India .
    • RBL Bank's management is led by its CEO Mr. Vishwavir Ahuja.
    • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
    RBL Bank News - Aug 2019
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