Abu Dhabi Commercial Bank has decreased its Benchmark Prime Lending Rate by 0.20%, or 20 basis points with effect from Tuesday, November 01, 2016. This interest rate cut will decrease the cost for those people who have taken their loans on floating rate of interest.
Abu Dhabi Commercial Bank – Current Benchmark Prime Lending Rate or Minimum Interest Rate for Loans
New Delhi (Delhi, India), February 18, 2018
Abu Dhabi Commercial Bank Cuts Benchmark Prime Lending Rate to 13.55%
The Abu Dhabi Commercial Bank (ADCB India) has decreased its Benchmark Prime Lending Rate (BPLR) by 0.20 percent, or 20 basis points with effect from Tuesday, November 01, 2016.
Abu Dhabi Commercial Bank has revised its Benchmark Prime Lending Rate for personal loans and consumer loans from 13.75 percent to 13.55 percent per annum.
Abu Dhabi Commercial Bank uses Benchmark Prime Lending Rate for determining the interest rates on home loans and advances sanctioned up to June 30, 2010.
Abu Dhabi Commercial Bank has also reduced its Base Rate (BR) or the minimum lending rate from 9.70 percent to 9.50 percent per annum with effect from Tuesday, November 01, 2016.
Abu Dhabi Commercial Bank determines its interest rates on new loans and advances, including consumer loans, with reference to base rate with effect from July 1, 2010.
Abu Dhabi Commercial Bank’s current interest rate cut will decrease the cost of funds for those people who have taken their home loan advances on floating rate of interest. However, this interest rates revision will not affect the Abu Dhabi Commercial Bank’s fixed rate customers, as their contracted rates will remain unchanged.
Historical Data for Abu Dhabi Commercial Bank’s Benchmark Prime Lending Rate (BPLR)
November 01, 2016 BPLR: 13.55%
November 01, 2015 BPLR: 13.75%
July 01, 2014 BPLR: 14.00%
September 05, 2013 BPLR: 14.55%
August 12, 2011 BPLR: 14.05%
July 01, 2011 BPLR: 13.55%
April 01, 2011 BPLR: 13.05%
January 01, 2011 BPLR: 12.70%
July 01, 2010 BPLR: 11.95%
March 31, 2008 BPLR: 12.00%
Historical Data for Abu Dhabi Commercial Bank’s Base Rate
November 01, 2016 Base Rate: 9.50%
November 01, 2015 Base Rate: 9.70%
July 01, 2014 Base Rate: 9.95%
September 05, 2013 Base Rate: 10.50%
August 12, 2011 Base Rate: 10.00%
July 01, 2011 Base Rate: 9.50%
April 01, 2011 Base Rate: 9.00%
January 01, 2011 Base Rate: 8.25%
July 01, 2010 Base Rate: 7.50%
Abu Dhabi Commercial Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Abu Dhabi Commercial Bank