Mizuho Bank Limited has hiked its One Year MCLR Base Rate or the minimum lending rate by 0.10%, or 10 basis points with effect from Friday, September 14, 2018. Mizuho Bank has revised its One Year MCLR Base Rate from 8.65 percent to 8.75 percent per annum.
Mizuho Bank Limited – Current MCLR Base Rate and Loan Interest Rate
New Delhi (Delhi, India), September 20, 2018
Mizuho Bank Limited Increases One Year MCLR Base Rate to 8.45 Percent Per Annum
The Mizuho Bank Limited (erstwhile Bank of Tokyo Mitsubishi and Mizuho Corporate Bank) has hiked 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 Friday, September 14, 2018.
Mizuho Bank Limited has revised its One Year MCLR Base Rate or the minimum lending rate from 8.65 percent to 8.75 percent per annum.
Mizuho Bank’s new MCLR Base Rate will be applicable for all new loans and the existing loans that may come up for renewal.
Mizuho Bank Limited 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.
Mizuho Bank Ltd’s Marginal Cost of Funds based Lending Rate (MCLR) Historical Data
Mizuho Bank Limited’s MCLR Base Rate effective from September 14, 2018 is:
Overnight MCLR: 7.35%
One Month MCLR: 7.70%
Three Month MCLR: 7.90%
Six Month MCLR: 8.15%
One Year MCLR: 8.75%
Mizuho Bank Limited Ups Base Rate to 6.75 Percent Per Annum
The Mizuho Bank Limited (erstwhile Bank of Tokyo Mitsubishi and Mizuho Corporate Bank) has also raised its Base Rate (BR) for old loans by 0.10 percent, or 10 basis points (BPS) with effect from Monday, July 02, 2018.
Mizuho Bank has revised its Base Rate or the minimum lending rate from 6.65 percent to 6.75 percent per annum.
Mizuho Bank Limited decides its interest rates on all loans and advances lent until March 31, 2016 with reference to Base Rate from July 01, 2010 onwards.
Mizuho Bank Ltd’s Base Rate Historical Data
July 02, 2018 Base Rate: 6.75%
April 03, 2018 Base Rate: 6.65%
January 01, 2018 Base Rate: 6.60%
October 03, 2017 Base Rate: 6.70%
July 01, 2017 Base Rate: 6.80%
May 01, 2017 Base Rate: 8.25%
April 03, 2017 Base Rate: 6.95%
January 02, 2017 Base Rate: 7.15%
July 01, 2016 Base Rate: 7.45%
January 01, 2016 Base Rate: 7.60%
November 02, 2015 Base Rate: 7.80%
July 01, 2015 Base Rate: 8.00%
April 01, 2015 Base Rate: 8.10%
October 01, 2014 Base Rate: 8.25%
July 07, 2014 Base Rate: 8.50%
January 01, 2014 Base Rate: 8.75%
August 12, 2013 Base Rate: 9.00%
July 01, 2013 Base Rate: 6.70%
October 05, 2012 Base Rate: 7.20%
July 09, 2012 Base Rate: 7.25%
April 04, 2012 Base Rate: 7.80%
January 02, 2012 Base Rate: 7.40%
September 01, 2011 Base Rate: 7.00%
May 12, 2011 Base Rate: 7.10%
February 03, 2011 Base Rate: 6.70%
December 29, 2010 Base Rate: 6.50%
September 28, 2010 Base Rate: 6.25%
July 28, 2010 Base Rate: 6.00%
July 01, 2010 Base Rate: 5.50%