HSBC Bank India has reduced its One Year MCLR Base Rate or the minimum lending rate by 0.10%, or 10 basis points with effect from Saturday, June 01, 2019. HSBC Bank India has revised its One Year MCLR Base Rate from 8.90 percent to 8.80 percent per annum.
HSBC Bank India – Current MCLR Base Rate and Loan Interest Rate
New Delhi (Delhi, India), June 03, 2019
HSBC Bank India Decreases One Year MCLR Base Rate to 8.80 Percent Per Annum
The HSBC Bank India has reduced its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.10 percent, or 10 basis points (BPS) with effect from Saturday, June 01, 2019.
HSBC Bank India has revised its One Year MCLR Base Rate or the minimum lending rate from 8.90 percent to 8.80 percent per annum.
HSBC Bank India’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.
HSBC Bank India 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.
HSBC Bank India’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data
HSBC Bank India’s MCLR Base Rate effective from June 01, 2019 is:
Overnight MCLR: 8.25%
One Month MCLR: 8.25%
Three Month MCLR: 8.45%
Six Month MCLR: 8.75%
One Year MCLR: 8.80%
HSBC Bank India’s MCLR Base Rate effective from April 01, 2019 was:
Overnight MCLR: 8.30%
One Month MCLR: 8.30%
Three Month MCLR: 8.50%
Six Month MCLR: 8.75%
One Year MCLR: 8.90%
HSBC Bank India’s MCLR Base Rate effective from March 01, 2019 was:
Overnight MCLR: 8.30%
One Month MCLR: 8.30%
Three Month MCLR: 8.60%
Six Month MCLR: 8.85%
One Year MCLR: 9.05%
HSBC Bank India’s MCLR Base Rate effective from February 06, 2019 was:
Overnight MCLR: 8.35%
One Month MCLR: 8.35%
Three Month MCLR: 8.65%
Six Month MCLR: 8.90%
One Year MCLR: 9.15%
HSBC Bank India’s MCLR Base Rate effective from January 01, 2019 was:
Overnight MCLR: 8.20%
One Month MCLR: 8.20%
Three Month MCLR: 8.50%
Six Month MCLR: 8.75%
One Year MCLR: 9.00%
HSBC Bank India’s MCLR Base Rate effective from December 01, 2018 was:
Overnight MCLR: 8.30%
One Month MCLR: 8.30%
Three Month MCLR: 8.55%
Six Month MCLR: 8.85%
One Year MCLR: 9.10%
HSBC Bank India’s MCLR Base Rate effective from November 01, 2018 was:
Overnight MCLR: 8.30%
One Month MCLR: 8.30%
Three Month MCLR: 8.55%
Six Month MCLR: 8.85%
One Year MCLR: 9.15%
HSBC Bank India’s MCLR Base Rate effective from October 01, 2018 was:
Overnight MCLR: 8.20%
One Month MCLR: 8.20%
Three Month MCLR: 8.45%
Six Month MCLR: 8.65%
One Year MCLR: 8.90%
HSBC Bank India’s MCLR Base Rate effective from September 01, 2018 was:
Overnight MCLR: 8.10%
One Month MCLR: 8.10%
Three Month MCLR: 8.35%
Six Month MCLR: 8.55%
One Year MCLR: 8.80%
HSBC Bank India’s MCLR Base Rate effective from August 01, 2018 was:
Overnight MCLR: 8.05%
One Month MCLR: 8.05%
Three Month MCLR: 8.30%
Six Month MCLR: 8.50%
One Year MCLR: 8.65%
HSBC Bank India’s MCLR Base Rate effective from July 01, 2018 was:
Overnight MCLR: 8.05%
One Month MCLR: 8.05%
Three Month MCLR: 8.30%
Six Month MCLR: 8.50%
One Year MCLR: 8.60%
HSBC Bank India’s MCLR Base Rate effective from May 01, 2018 was:
Overnight MCLR: 8.00%
One Month MCLR: 8.00%
Three Month MCLR: 8.35%
Six Month MCLR: 8.60%
One Year MCLR: 8.60%
HSBC Bank India’s MCLR Base Rate effective from April 01, 2018 was:
Overnight MCLR: 7.80%
One Month MCLR: 7.80%
Three Month MCLR: 8.15%
Six Month MCLR: 8.40%
One Year MCLR: 8.40%
HSBC Bank India’s MCLR Base Rate effective from March 01, 2018 was:
Overnight MCLR: 7.80%
One Month MCLR: 7.80%
Three Month MCLR: 8.05%
Six Month MCLR: 8.25%
One Year MCLR: 8.30%
HSBC Bank India’s MCLR Base Rate effective from December 01, 2017 was:
Overnight MCLR: 7.80%
One Month MCLR: 7.80%
Three Month MCLR: 7.90%
Six Month MCLR: 8.10%
One Year MCLR: 8.15%
HSBC Bank India’s MCLR Base Rate effective from September 01, 2017 was:
Overnight MCLR: 7.80%
One Month MCLR: 7.80%
Three Month MCLR: 7.90%
Six Month MCLR: 8.05%
One Year MCLR: 8.05%
HSBC Bank India’s MCLR Base Rate effective from August 01, 2017 was:
Overnight MCLR: 7.80%
One Month MCLR: 7.80%
Three Month MCLR: 7.95%
Six Month MCLR: 8.10%
One Year MCLR: 8.10%
HSBC Bank India’s MCLR Base Rate effective from July 03, 2017 was:
Overnight MCLR: 7.75%
One Month MCLR: 7.75%
Three Month MCLR: 7.85%
Six Month MCLR: 8.00%
One Year MCLR: 8.00%
HSBC Bank India’s MCLR Base Rate effective from June 01, 2017 was:
Overnight MCLR: 7.60%
One Month MCLR: 7.60%
Three Month MCLR: 7.70%
Six Month MCLR: 7.85%
One Year MCLR: 7.85%
HSBC Bank India’s MCLR Base Rate effective from April 01, 2017 was:
Overnight MCLR: 7.60%
One Month MCLR: 7.60%
Three Month MCLR: 7.70%
Six Month MCLR: 7.90%
One Year MCLR: 7.85%
HSBC Bank India’s MCLR Base Rate effective from February 01, 2017 was:
Overnight MCLR: 7.70%
One Month MCLR: 7.70%
Three Month MCLR: 7.80%
Six Month MCLR: 8.00%
One Year MCLR: 8.00%
HSBC Bank India’s MCLR Base Rate effective from January 01, 2017 was:
Overnight MCLR: 7.90%
One Month MCLR: 7.90%
Three Month MCLR: 7.90%
Six Month MCLR: 8.10%
One Year MCLR: 8.10%
HSBC Bank India’s MCLR Base Rate effective from December 01, 2016 was:
Overnight MCLR: 7.90%
One Month MCLR: 7.90%
Three Month MCLR: 8.10%
Six Month MCLR: 8.30%
One Year MCLR: 8.30%
HSBC Bank India’s MCLR Base Rate effective from November 01, 2016 was:
Overnight MCLR: 8.10%
One Month MCLR: 8.10%
Three Month MCLR: 8.25%
Six Month MCLR: 8.45%
One Year MCLR: 8.40%
HSBC Bank India’s MCLR Base Rate effective from October 01, 2016 was:
Overnight MCLR: 8.20%
One Month MCLR: 8.20%
Three Month MCLR: 8.30%
Six Month MCLR: 8.45%
One Year MCLR: 8.40%
HSBC Bank India’s MCLR Base Rate effective from September 01, 2016 was:
Overnight MCLR: 8.30%
One Month MCLR: 8.30%
Three Month MCLR: 8.40%
Six Month MCLR: 8.45%
One Year MCLR: 8.40%
HSBC Bank India’s MCLR Base Rate effective from August 01, 2016 was:
Overnight MCLR: 8.40%
One Month MCLR: 8.40%
Three Month MCLR: 8.50%
Six Month MCLR: 8.50%
One Year MCLR: 8.40%
HSBC Bank India’s MCLR Base Rate effective from July 01, 2016 was:
Overnight MCLR: 8.40%
One Month MCLR: 8.40%
Three Month MCLR: 8.60%
Six Month MCLR: 8.60%
One Year MCLR: 8.40%
HSBC Bank India’s MCLR Base Rate effective from June 01, 2016 was:
Overnight MCLR: 8.50%
One Month MCLR: 8.50%
Three Month MCLR: 8.60%
Six Month MCLR: 8.60%
One Year MCLR: 8.40%
HSBC Bank India Cuts Base Rate to 8.90 Percent Per Annum
The HSBC Bank India has lowered its Base Rate (BR) for old loans by 0.10 percent, or 10 basis points (BPS) with effect from Thursday, June 01, 2017.
HSBC Bank India has revised its Base Rate or the minimum lending rate from 9.00 percent to 8.90 percent per annum.
HSBC Bank India decides its interest rates on all loans and advances lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.
HSBC Bank India’s Base Rate Historical Data
June 01, 2017 Base Rate: 8.90%
November 24, 2016 Base Rate: 9.00%
November 09, 2015 Base Rate: 9.10%
September 07, 2015 Base Rate: 9.25%
February 09, 2015 Base Rate: 9.45%
September 01, 2014 Base Rate: 9.70%
October 21, 2013 Base Rate: 10.00%
September 04, 2013 Base Rate: 10.25%
August 14, 2013 Base Rate: 9.75%
May 20, 2013 Base Rate: 9.45%
August 02, 2011 Base Rate: 9.75%
July 04, 2011 Base Rate: 9.25%
May 12, 2011 Base Rate: 9.00%
March 09, 2011 Base Rate: 8.50%
January 04, 2011 Base Rate: 8.00%
October 01, 2010 Base Rate: 7.50%
July 01, 2010 Base Rate: 7.00%