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Ujjivan Small Finance Bank MCLR Rates, Ujjivan Small Finance Bank Base Rate – May 2021

Ujjivan Small Finance Bank MCLR Rate

Last Updated 10th Nov 2020

Current MCLR rate of Ujjivan Small Finance Bank ranges from 13.00% to 14.90% varying by reset frequency of the loan. Ujjivan Small Finance Bank revises MCLR rates on a monthly basis and benchmark its interest rates for home loan and other loans to MCLR rates of different tenors.

Tenure wise MCLR Ujjivan Bank Rate Today
Overnight 13.20%
1 Month 13.00%
3 Month 13.10%
6 Month 13.40%
1 Year 13.90%
2 Year 14.00%
3 Year 14.90%
Ujjivan Bank Base Rate -

Ujjivan Small Finance Bank Interest Rates

Ujjivan Small Finance Bank offers the following loans to its customer on these rates currently:

Fixed Deposit Interest Rates 3.05% to 6.50% Detail
Saving Account Interest Rates 4.00% to 7.00% Detail
RD Interest Rates 6.25% to 7.50% Detail

MCLR of Ujjivan Small Finance Bank

Ujjivan Small Finance Bank revises its MCLR rate on a monthly basis. Latest MCLR rates of Ujjivan Small Finance Bank as announced on 01 Apr 2021 are:

  • Overnight MCLR Rate is 13.20%.
  • 1 Month MCLR Rate is 13.00%.
  • 3 Month MCLR Rate is 13.10%.
  • 6 Month MCLR Rate is 13.40%.
  • 1 Year MCLR Rate is 13.90%.
  • 2 Year MCLR Rate is 14.00%.
  • 3 Year MCLR Rate is 14.90%.
  • 5 Year MCLR Rate is 0.00%.

Ujjivan Small Finance Bank MCLR Rate Trend

Date Ujjivan Small Finance Bank MCLR
01st Apr 21 Overnight : 13.20%
1 Month : 13.00%
3 Month : 13.10%
6 Month : 13.40%
1 Year : 13.90%
2 Year : 14.00%
3 Year : 14.90%
20th Jan 21 Overnight : 13.10%
1 Month : 12.80%
3 Month : 12.90%
6 Month : 13.10%
1 Year : 13.80%
2 Year : 14.20%
3 Year : 14.60%
20th Dec 20 Overnight : 14.40%
1 Month : 14.10%
3 Month : 14.10%
6 Month : 14.30%
1 Year : 14.30%
2 Year : 14.80%
3 Year : 15.20%
20th Nov 20 Overnight : 14.20%
1 Month : 13.70%
3 Month : 13.90%
6 Month : 14.10%
1 Year : 14.30%
2 Year : 14.80%
3 Year : 15.10%
20th Sep 20 Overnight : 13.80%
1 Month : 13.50%
3 Month : 13.40%
6 Month : 13.70%
1 Year : 14.00%
2 Year : 14.50%
3 Year : 15.10%
20th Aug 20 Overnight : 14.20%
1 Month : 13.60%
3 Month : 13.70%
6 Month : 13.80%
1 Year : 14.00%
2 Year : 14.40%
3 Year : 15.00%
20th Jul 20 Overnight : 14.50%
1 Month : 13.80%
3 Month : 13.90%
6 Month : 14.00%
1 Year : 14.30%
2 Year : 14.70%
3 Year : 15.10%
20th Jun 20 Overnight : 14.60%
1 Month : 13.90%
3 Month : 14.00%
6 Month : 14.10%
1 Year : 14.40%
2 Year : 15.10%
3 Year : 15.20%
20th May 20 Overnight : 15.20%
1 Month : 14.30%
3 Month : 14.40%
6 Month : 14.70%
1 Year : 14.80%
2 Year : 15.20%
3 Year : 15.60%
  • Effective 1st April 2016, Ujjivan Small Finance 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. Ujjivan Small Finance Bank MCLR rates for different tenors range from 13.00% to 14.90%.
  • 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 Small Finance 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, Ujjivan Small Finance 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%, 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 Small Finance Bank with that of RBI Repo Rate and MCLR Rate changes of other banks before taking a decision to take a loan from Ujjivan Small Finance Bank.
  • MCLR rate can be revised by Ujjivan Small Finance Bank every month. However, it is not mandatory for Ujjivan Small Finance Bank to revise its rate every month and it may choose to retain the same rate for a longer period keeping them unchanged.
  • As per the latest regulations given by RBI, with effect from April 1, 2019, all floating interest rates on retail loans are to be linked to external benchmark lending rates. These could be the RBI's repo rate, three-month treasury bill yield, six-month treasury bill yield or other benchmark rate published by the Financial Benchmarks India Pvt Ltd.This was done in view to promote the easier transmission of reduced interest rates to customers, which was not well done when rates were linked to MCLR.

Compare Ujjivan Small Finance Bank MCLR Rates with Other Banks

About Ujjivan Small Finance Bank

  • Ujjivan Small Finance Bank's registered office is located at Grape Garden, No. 27, 3rd ‘A’ Cross, 18th Main, 6th Block, Koramangala, Bengaluru - 560 095, Karnataka..
  • Ujjivan Small Finance Bank's management is led by its CEO Mr. Nitin Chugh.

FAQs

What is the MCLR of Ujjivan Small Finance Bank?

Ujjivan Small Finance Bank MCLR ranges between 13.00% to 14.90% for a tenure ranging between 1 month to 5 years.

What is the current Ujjivan Small Finance Bank MCLR rate?

Current Ujjivan Small Finance Bank, overnight tenure is 13.20%, 1 month mclr is 13.00% , three month mclr is 13.10%, six month mclr is 13.40%, one year tenure is 13.90% and two year tenure is 14.00%.

What is Ujjivan Small Finance Bank base rate?

Currently, Ujjivan Small Finance Bank offers loans at a base rate of %.


Ujjivan Bank News - May 2021
  • 2020-08-21 : Ujjivan Small Finance Bank revised MCLR
    Ujjivan Small Finance Bank revised its MCLR. The overnight, one-month and three months MCLR is 14.20% and 13.60% and 13.70% respectively. The six-months MCLR rate stands at 13.80%. Lending rate for long tenors of one year, two years and three years is 14.00% and 14.40% and 15%respectively. The revised rates are effective from 20 August 2020.
  • 2020-04-20 : New MCLR for Ujjivan Small Finance Bank
    Ujjivan Small Finance Bank revised its MCLR. The overnight, one-month and three months MCLR is 15.10%, 14.20% and 14.80%, respectively. The six-months MCLR rate stands at 15.10%. Lending rate for long tenors of one year, two years and three years is 15.20%, 15.40% and 16%, respectively. The revised rates are effective from 20 April 2020.
  • 2020-02-20 : Ujjivan Small Finance Bank revised its MCLR
    Ujjivan Small Finance Bank changed its lending rates. The overnight and one-month MCLR is 15.80% and 15.70%. The lending rate for short tenors of three months and six months is 15.80% and 15.90%. Further, the MCLR for one-year, two years and three years is 16%, 16.20% and 16.50%, respectively. The revised rates are in effect from 20 February 2020.
  • 2020-01-20 : New MCLR for Ujjivan Bank
    Ujjivan Bank cut its MCLR. The overnight, one-month, 3 months MCLR is 15.10%, 14.90% and 15%, respectively. The six-month MCLR rate stands at 15.10%. Lending rate for long tenors of one year, two years and three years is 15.60%, 16%, 16.20%, respectively. The revised rates are in effect from 20 January 2020 and will impact home loans and loans against property.
  • 2019-12-23 : Ujjivan Banks cuts MCLR rates
    Ujjivan Bank has cut its Marginal Cost of Funds Based Lending Rate (MCLR) by up to 50 bps for December month. For 1 year, the MCLR stands at 15.50% as compared to 15.60% earlier. For overnight, the rate has been cut to 15.10% from 15.60% earlier. The revised standards have been in effect from December 20, 2019. The cut in MCLR will impact the interest rate of MCLR linked home loans.
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