Allahabad Bank – Current MCLR Base Rate for Lending

Allahabad Bank – Current MCLR Base Rate and Loan Interest Rate

New Delhi (Delhi, India), September 16, 2018

Allahabad Bank Increases One Year MCLR Base Rate to 8.50 Percent Per Annum

The Allahabad Bank has hiked its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.05 percent, or 05 basis points (BPS) with effect from Saturday, September 01, 2018.

Allahabad Bank has revised its One Year MCLR Base Rate or the minimum lending rate from 8.45 percent to 8.50 percent per annum.

Allahabad Bank’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.

Allahabad Bank applies the interest rates on all new loans and advances with reference to MCLR based rates from April 01, 2016 onwards.

The Reserve Bank of India (RBI) has asked all banks to set at least five MCLR based benchmark lending rates – Overnight MCLR, One Month MCLR, Three Month MCLR, Six Month MCLR, and One Year MCLR. The loans linked with MCLR will be reset for a maximum of one year tenure.

Allahabad Bank’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data

Allahabad Bank’s MCLR Base Rate effective from September 01, 2018 is:
Overnight MCLR: 8.00%
One Month MCLR: 8.10%
Three Month MCLR: 8.30%
Six Month MCLR: 8.35%
One Year MCLR: 8.50%
Two Year MCLR: 8.70%
Three Year MCLR: 8.80%

Allahabad Bank’s MCLR Base Rate effective from July 01, 2018 was:
Overnight MCLR: 7.95%
One Month MCLR: 8.05%
Three Month MCLR: 8.25%
Six Month MCLR: 8.30%
One Year MCLR: 8.45%
Two Year MCLR: 8.65%
Three Year MCLR: 8.75%

Allahabad Bank’s MCLR Base Rate effective from June 01, 2018 was:
Overnight MCLR: 7.85%
One Month MCLR: 7.95%
Three Month MCLR: 8.15%
Six Month MCLR: 8.20%
One Year MCLR: 8.35%
Two Year MCLR: 8.55%
Three Year MCLR: 8.65%

Allahabad Bank’s MCLR Base Rate effective from May 01, 2018 was:
Overnight MCLR: 7.80%
One Month MCLR: 7.90%
Three Month MCLR: 8.10%
Six Month MCLR: 8.15%
One Year MCLR: 8.30%
Two Year MCLR: 8.50%
Three Year MCLR: 8.60%

Allahabad Bank’s MCLR Base Rate effective from December 01, 2017 was:
Overnight MCLR: 7.75%
One Month MCLR: 7.85%
Three Month MCLR: 8.05%
Six Month MCLR: 8.15%
One Year MCLR: 8.25%
Two Year MCLR: 8.45%
Three Year MCLR: 8.50%

Allahabad Bank’s MCLR Base Rate effective from September 01, 2017 was:
Overnight MCLR: 7.95%
One Month MCLR: 8.05%
Three Month MCLR: 8.25%
Six Month MCLR: 8.35%
One Year MCLR: 8.45%
Two Year MCLR: 8.65%
Three Year MCLR: 8.70%

Allahabad Bank’s MCLR Base Rate effective from July 10, 2017 was:
Overnight MCLR: 8.00%
One Month MCLR: 8.10%
Three Month MCLR: 8.30%
Six Month MCLR: 8.40%
One Year MCLR: 8.50%
Two Year MCLR: 8.70%
Three Year MCLR: 8.75%

Allahabad Bank’s MCLR Base Rate effective from June 12, 2017 was:
Overnight MCLR: 8.00%
One Month MCLR: 8.10%
Three Month MCLR: 8.30%
Six Month MCLR: 8.40%
One Year MCLR: 8.50%

Allahabad Bank’s MCLR Base Rate effective from January 10, 2017 was:
Overnight MCLR: 8.15%
One Month MCLR: 8.25%
Three Month MCLR: 8.45%
Six Month MCLR: 8.55%
One Year MCLR: 8.60%

Allahabad Bank’s MCLR Base Rate effective from October 10, 2016 was:
Overnight MCLR: 9.15%
One Month MCLR: 9.20%
Three Month MCLR: 9.25%
Six Month MCLR: 9.35%
One Year MCLR: 9.45%

Allahabad Bank’s MCLR Base Rate effective from July 11, 2016 was:
Overnight MCLR: 9.25%
One Month MCLR: 9.30%
Three Month MCLR: 9.35%
Six Month MCLR: 9.45%
One Year MCLR: 9.55%

Allahabad Bank’s MCLR Base Rate effective from April 01, 2016 was:
Overnight MCLR: 9.30%
One Month MCLR: 9.35%
Three Month MCLR: 9.40%
Six Month MCLR: 9.50%
One Year MCLR: 9.60%

Allahabad Bank Reduces Base Rate to 9.15 Percent Per Annum

The Allahabad Bank has decreased its Base Rate (BR) for old loans by 0.45 percent, or 45 basis points (BPS) with effect from Monday, April 02, 2018.

Allahabad Bank has revised its Base Rate or the minimum lending rate from 9.60 percent to 9.15 percent per annum.

Allahabad Bank decides its interest rates on all loans and advances lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.

Allahabad Bank’s Base Rate Historical Data

April 02, 2018 Base Rate: 9.15%
December 01, 2017 Base Rate: 9.60%
October 05, 2015 Base Rate: 9.70%
June 08, 2015 Base Rate: 9.95%
March 04, 2014 Base Rate: 10.25%
February 18, 2013 Base Rate: 10.20%
May 01, 2012 Base Rate: 10.50%
August 01, 2011 Base Rate: 10.75%
July 15, 2011 Base Rate: 10.25%
May 06, 2011 Base Rate: 10.00%
February 01, 2011 Base Rate: 9.50%
December 14, 2010 Base Rate: 9.00%
October 01, 2010 Base Rate: 8.50%
July 01, 2010 Base Rate: 8.00%