Kuchh Baat Aapke Interest Ki

Syndicate Bank MCLR Rates, Syndicate Bank Base Rate – Apr 2017

Last Updated 22nd Apr 2017

Syndicate Bank MCLR Rate – Current Rate, Past Trend

Current MCLR of Syndicate Bank ranges from 8.30% to 8.75% depending on the reset frequency of the loan. Rates are revised every month.

Syndicate Bank MCLR, Base Rate Tenure
8.30% Overnight
8.35% 1 Month
8.40% 3 Month
8.60% 6 Month
8.75% 1 Year
Base rate - 9.50% Past Trend
Apply Loan Online
Syndicate Bank Interest Rates
Home Loan Interest Rates 8.75% * Floating Detail
Loan Against Property Rates 11.50% * Floating Detail
Personal Loan Interest Rates 14.20% * Detail
Fixed Deposit Interest Rates 4.75% to 6.80% * Detail

Past Trend MCLR Rate of Syndicate Bank

Syndicate Bank MCLR Rate History

Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year
2 Year
3 Year
5 Year
10th Apr 17
10th Jan 17
07th Oct 16
11th Jul 16
01st Apr 16

Syndicate Bank MCLR Base Rate Vs. RBI

  • RBI requires banks to set their own MCLR Rate based on their marginal cost of funds. So, Syndicate Bank decides its own MCLR Rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR 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. Syndicate Bank has different MCLR base rates ranging from 8.30% to 8.75% for different tenures

Changes in MCLR of Syndicate Bank

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

Syndicate Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Syndicate 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, 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 Syndicate 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 Syndicate 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 9.65%. This loan will initially be priced at 10.15%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.4%, the loan will be priced at 9.9% for the next year

Past trend of Syndicate Bank Base Rate vs RBI Repo Rate

Date RBI Rates Bank Rates
10th Apr 17 9.50%
08th Feb 17 0%
07th Dec 16 0%
04th Oct 16 0.25%
11th Jul 16 9.60% 0.1%
05th Apr 16 0.25%
05th Oct 15 9.70% 0.3%
29th Sep 15 0.5%
08th Jun 15 10.00% 0.25%
02nd Jun 15 0.25%
04th Mar 15 0.25%
15th Jan 15 0.25%
28th Jan 14 0.25%
18th Dec 13 0%
29th Oct 13 0.25%
20th Sep 13 0.25%
03rd May 13 0.25%
19th Mar 13 0.25%
13th Feb 13 10.25% 0.25%
29th Jan 13 0.25%
01st May 12 10.50% 0.25%
17th Apr 12 0.5%
25th Oct 11 0.25%
16th Sep 11 0.25%
01st Aug 11 10.75% 0.5%
26th Jul 11 0.5%
05th Jul 11 10.25% 0.25%
16th Jun 11 0.25%
06th May 11 10.00% 0.5%
03rd May 11 0.5%
17th Mar 11 0.25%
03rd Feb 11 9.50% 0.5%
25th Jan 11 0.25%
15th Dec 10 9.00% 0.5%
02nd Nov 10 0.25%
04th Oct 10 8.50% 0.25%
16th Sep 10 0.25%
27th Jul 10 0.25%
02nd Jul 10 0.25%
01st Jul 10 8.25%

Syndicate Bank Base Rate Vs. RBI Repo Rate Trend

About Syndicate Bank

  • Syndicate Bank is a Public Sector Bank in India with 3,671 branches, 3,427 ATM's and 27,446 employees across the country.
  • Syndicate Bank's registered office is located at Post Box No 1 Manipal-576104 Karnataka India .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 5,520 crs. and Standalone net profit of Rs. 1,523 crs. Syndicate Bank reported total deposits of Rs. 255,388 crs and total advances of Rs. 205,804 crs.
  • Syndicate Bank's management is led by its CEO Mr. Arun Shrivastava.
  • Its current Base Rate is 9.50%, which was last revised on 10th Apr 17.

Why MyLoanCare???

Nowadays, banks give various offers on to give the best rates to individuals. To get with lowest interest rate and lowest EMI, compare new rates and offers of all banks at MyLoanCare. You can do rates comparison, check your eligibility, apply online and get the cheapest rate on . MyLoanCare helps you throughout the loan process from the day you apply to the time you get complete disbursement. You can even track your loan status after getting registered with us. MyLoanCare make it easy for you to get hassle free with ultimate cashback and refer and earn benefits. So, apply for today and enjoy the benefits.

News - Apr 2017
*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. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.