Ujjivan MCLR Rates, Ujjivan Base Rate – Dec 2018

Ujjivan MCLR Rate

5th Dec 2018 – RBI keeps Repo Rate unchanged at 6.50%

Current MCLR rate of Ujjivan ranges from 15.50% to 16.40% varying by reset frequency of the loan. Ujjivan 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 Ujjivan Bank Rate Today
Overnight 15.50%
1 Month 15.50%
3 Month 15.80%
6 Month 16.10%
1 Year 16.20%
2 Year 16.30%
3 Year 16.40%
Ujjivan Bank Base Rate -

Ujjivan Interest Rates

MCLR of Ujjivan

Ujjivan revises its MCLR rate on a monthly basis. Latest MCLR rates of Ujjivan as announced on 20 Nov 2018 are:

  • Overnight MCLR Rate is 15.50%. The rate was last revised on 20 Nov 2018 to 15.50% from 15.00%
  • 1 Month MCLR Rate is 15.50%. The rate was last revised on 20 Nov 2018 to 15.50% from 14.90%
  • 3 Month MCLR Rate is 15.80%. The rate was last revised on 20 Nov 2018 to 15.80% from 15.50%
  • 6 Month MCLR Rate is 16.10%. The rate was last revised on 20 Nov 2018 to 16.10% from 15.90%
  • 1 Year MCLR Rate is 16.20%. The rate was last revised on 20 Nov 2018 to 16.20% from 16.10%
  • 2 Year MCLR Rate is 16.30%. The rate was last revised on 20 Nov 2018 to 16.30% from 16.20%
  • 3 Year MCLR Rate is 16.40%. The rate was last revised on 20 Nov 2018 to 16.40% from 16.30%

Ujjivan MCLR Rate Trend

Date Ujjivan MCLR
20th Nov 18
Overnight : 15.50%
1 Month : 15.50%
3 Month : 15.80%
6 Month : 16.10%
1 Year : 16.20%
2 Year : 16.30%
3 Year : 16.40%
20th Oct 18
Overnight : 15.00%
1 Month : 14.90%
3 Month : 15.50%
6 Month : 15.90%
1 Year : 16.10%
2 Year : 16.20%
3 Year : 16.30%
20th Sep 18
Overnight : 14.80%
1 Month : 15.00%
3 Month : 15.20%
6 Month : 15.50%
1 Year : 15.80%
2 Year : 16.20%
3 Year : 16.20%
20th Aug 18
Overnight : 14.85%
1 Month : 14.85%
3 Month : 15.05%
6 Month : 15.35%
1 Year : 15.65%
2 Year : 15.65%
3 Year : 15.65%
20th Jul 18
Overnight : 14.40%
1 Month : 14.40%
3 Month : 14.60%
6 Month : 15.00%
1 Year : 15.00%
2 Year : 15.60%
3 Year : 15.60%
20th Jun 18
Overnight : 14.30%
1 Month : 14.40%
3 Month : 14.60%
6 Month : 14.95%
1 Year : 14.95%
2 Year : 15.65%
3 Year : 15.65%
20th May 18
Overnight : 14.70%
1 Month : 14.75%
3 Month : 14.95%
6 Month : 15.15%
1 Year : 15.45%
2 Year : 15.45%
3 Year : 15.45%
20th Apr 18
Overnight : 14.70%
1 Month : 14.45%
3 Month : 14.80%
6 Month : 15.00%
1 Year : 15.20%
2 Year : 15.20%
3 Year : 15.20%
10th Mar 18
Overnight : 14.30%
1 Month : 14.35%
3 Month : 14.65%
6 Month : 14.80%
1 Year : 15.00%
2 Year : 15.00%
3 Year : 15.50%
  • Effective 1st April 2016, Ujjivan 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. Ujjivan MCLR rates for different tenors range from 15.50% to 16.40%.
  • 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, Ujjivan 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, Ujjivan 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%, Ujjivan Bank 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 Ujjivan with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from Ujjivan.
  • MCLR rate can be revised by Ujjivan every month. However, it is not mandatory for Ujjivan to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.

Compare MCLR Rate Movement



    Compare Ujjivan MLCR Rates with Other Banks

    About Ujjivan

    • Ujjivan's registered office is located at Grape Garden, 3rd A Cross, 18th Main, 6th Block, Koramangala, Bengaluru ? 560 095.
    • Ujjivan's management is led by its CEO Mr. Samit Ghosh.
    • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
    Ujjivan Bank News - Dec 2018
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