Syndicate Bank Base Rate, Syndicate Bank MCLR Base Rate Past Trend

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

Current Syndicate Bank MCLR Base Rate

Last Updated 22nd Oct 16
Tenure Base Rate, MCLR
Overnight 9.30%
1 Month 9.35%
3 Month 9.35%
6 Month 9.40%
1 Year 9.45%
Current MCLR base rate of Syndicate Bank ranges from 9.30% to 9.45% 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 - 9.45% * Floating Detail
    Interest Rate :
    Lowest EMI :
    Rs. 837 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 - 12.2% * Floating Detail
    Interest Rate :
    Lowest EMI :
    Rs. 1,446 per lakh
    Tenure :
    Max 10 years
    Processing Fee :
    Age :
    Max 60 years for salaried
    Prepayment Charges :
    Allowed with nil charges for floating rate loans
  • Personal Loan Interest Rates - 14.20% * Detail
    Interest Rate :
    14.20% - 14.20%
    Lowest EMI :
    Rs. 2,337 per lakh
    Tenure :
    Max 60 months
    Processing Fee :
    0.5%, Min Rs. 500
    Age :
    Max 58 years for salaried
    Prepayment Charges :
    is allowed after 0 EMI. Nil prepayment charges
  • Fixed Deposit Interest Rates - 6.00% to 7.50% *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 :
    22nd Oct 2016

Past Trend Base Rate of Syndicate 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
07th Oct 16
11th Jul 16
01st Apr 16

Syndicate Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Syndicate 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. Syndicate Bank has different MCLR base rates ranging from 9.30% to 9.45% for different tenures

Changes in MCLR Base rate 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 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 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 Base Rate
04th Oct 16: 0.25% repo cut by RBI
11th Jul 16 9.60% decreased by 0.1%
05th Apr 16: 0.25% repo cut by RBI
05th Oct 15 9.70% decreased by 0.3%
29th Sep 15: 0.5% repo cut by RBI
08th Jun 15 10.00% decreased by 0.25%
02nd Jun 15: 0.25% repo cut by RBI
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
13th Feb 13 10.25% decreased by 0.25%
29th Jan 13: 0.25% repo cut by RBI
01st May 12 10.50% 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
01st Aug 11 10.75% increased by 0.5%
26th Jul 11: 0.5% repo hike by RBI
05th Jul 11 10.25% increased by 0.25%
16th Jun 11: 0.25% repo hike by RBI
06th May 11 10.00% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
03rd Feb 11 9.50% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
15th Dec 10 9.00% increased by 0.5%
02nd Nov 10: 0.25% repo hike by RBI
04th Oct 10 8.50% 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 8.25%

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.
  • Highest fixed deposit interest offered by Syndicate Bank is 7.50% per annum on deposits.
  • Its current Base Rate is 9.60%, which was last revised on 07th Nov 16.
*My Finance Care Advisors Pvt. Ltd., or 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 to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
News - Oct 2016
28th Jul 16 Syndicate Bank posts Q1 Net Profit at R79 cr, NPAs up
Syndicate Bank reported a net profit of Rs 79.13 crore , which is lower by 73.9 percent compared to year ago period . The results of this year are not comparable to past year due to exceptional write-off. The Bank stated in its regulatory filing that Previous quarter results are not comparable with the current quarter since there was an exceptional item of write-off on account of fraud at three branches of Jaipur region. The total income showed a slight increase by 1.5percent to R6, 419 crore, while interest income increased by 4.7percent to Rs. 1479 crore compared to a year ago period . . Asset Quality deteriorated as the Gross NPAs in June Quarter were 7.53% of gross advances , compared with 3.72%a year ago . Net NPAs stood at 5.04%, compared with 2.36% in the year-ago period. The bank has upgraded NPAs of Rs 220.42 crore and made recoveries of Rs444.70 crore.
08th Jul 16 Syndicate Bank revises MCLR, base rate
Syndicate Bank revised its Marginal Cost of Funds Based Lending Rate (MCLR) . The revised overnight MCLR will be 9.40 per cent (existing MCLR 9.50 per cent), one month MCLR 9.45 per cent (existing MCLR 9.55 per cent), three months MCLR 9.45 per cent (existing MCLR 9.55 per cent), six months MCLR 9.50 per cent (existing MCLR 9.60 per cent) and one year MCLR 9.55 per cent (existing MCLR 9.65 per cent). This will be in effect from 11th July 2016. The bank has also revised its base rate and BPLR . Base rate revised 9.60 per cent (existing rate 9.70 per cent) and BPLR revised 13.85 per cent (existing 13.95 per cent). This will also be in effect from 11th July 29, 2016. This cut in interest rates should result in lower interest for banks customer for home loan