What is the concept of Base rate? Now days what is the base rate for Home loan in Indian bank? From where can I obtain inforamtion for indan bank home loan base rate?

The current Base Rate in Indian Bank Rate is 9.65 % p. a. with effect from 07.10.2015.

Indian Bank Base Rate

• MCLR wef 07/01/2017

• Base Rate is 9.65 % p. a. with effect from 07.10.2015

• Benchmark Prime Lending Rate is 14.20 % p. a. with effect from 08.06.2015

Marginal Cost Of Funds Based Lending Rate (Mclr) With Effect From-07.01.2017

Tenor MCLR (in %)
Overnight 8.40%
1 month 8.45%
3 months 8.50%
6 months 8.55%
1 Year 8.60%
3 Years 8.75%
5 Years 8.90%

Interest rate on SME products Based under MCLR System wef 07.10.2016

MSME Ex Over Rs.5.00 Crores

Combined rating MCLR Spread Interest
Grade (One Year) Risk Business Total
Premium Strategy Spread
AAA 9.35% 1.35% 0.35% 1.70% 11.05%
AA+ 9.35% 1.40% 0.60% 2.00% 11.35%
AA 9.35% 1.70% 0.80% 2.50% 11.85%
A 9.35% 2.40% 0.85% 3.25% 12.60%
BBB & Unrated 9.35% 3.55% 1.00% 4.55% 13.90%
Accounts
BB and below 9.35% 4.55% 1.20% 5.75% 15.10%








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Indian Bank, Corporate Office,
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Royapettah, Chennai - 600 014

Corporate Office - Phone Number
044 28134300