JPMorgan Chase Bank India has hiked its One Year MCLR Base Rate or the minimum lending rate by 0.30%, or 30 basis points with effect from Saturday, December 01, 2018. JPMorgan Chase Bank India has revised its One Year MCLR Base Rate from 8.90 percent to 9.20 percent per annum.
JPMorgan Chase Bank India – Current MCLR Base Rate and Loan Interest Rate
New Delhi (Delhi, India), December 23, 2018
JPMorgan Chase Bank India Increases One Year MCLR Base Rate to 9.20 Percent Per Annum
The JPMorgan Chase Bank N.A. India has hiked its benchmark MCLR (Marginal Cost of Funds based Lending Rate) Base Rate for new loans by 0.30 percent, or 30 basis points (BPS) with effect from Saturday, December 01, 2018.
JPMorgan Chase Bank India has revised its One Year MCLR Base Rate or the minimum lending rate from 8.90 percent to 9.20 percent per annum.
JPMorgan Chase Bank India’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.
JPMorgan Chase 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.
JPMorgan Chase Bank India’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data
JPMorgan Chase Bank India’s MCLR Base Rate effective from December 01, 2018 is:
Overnight MCLR: 7.45%
One Month MCLR: 7.85%
Three Month MCLR: 8.50%
Six Month MCLR: 8.50%
One Year MCLR: 9.20%
JPMorgan Chase Bank India’s MCLR Base Rate effective from September 01, 2018 was:
Overnight MCLR: 7.15%
One Month MCLR: 7.95%
Three Month MCLR: 8.00%
Six Month MCLR: 8.55%
One Year MCLR: 8.90%
JPMorgan Chase Bank India Cuts Base Rate to 8.75 Percent Per Annum
The JPMorgan Chase Bank N.A. India has lowered its Base Rate (BR) for old loans by 0.15 percent, or 15 basis points (BPS) with effect from Monday, October 05, 2015.
JPMorgan Chase Bank India has revised its Base Rate or the minimum lending rate from 8.90 percent to 8.75 percent per annum.
JPMorgan Chase 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.
JPMorgan Chase Bank India’s Base Rate Historical Data
October 05, 2015 Base Rate: 8.75%
June 08, 2015 Base Rate: 8.90%
March 30, 2015 Base Rate: 9.10%
December 08, 2014 Base Rate: 9.40%
September 28, 2013 Base Rate: 9.85%
April 30, 2012 Base Rate: 9.50%
October 25, 2011 Base Rate: 9.75%
August 10, 2011 Base Rate: 9.50%
July 01, 2011 Base Rate: 9.25%
March 29, 2011 Base Rate: 8.75%
January 27, 2011 Base Rate: 8.25%
November 30, 2010 Base Rate: 7.75%
October 07, 2010 Base Rate: 7.25%
July 01, 2010 Base Rate: 6.75%