Marginal Cost of Funds-Based Lending Rate in India
The Marginal Cost of Funds-Based Lending Rate (MCLR) is the lowest interest rate a bank can charge for a loan. igher MCLR raises interest expenses for debt-heavy companies, reducing net profits and pushing down prices of stocks that depend on loan based purchases like Electronics, White Goods, Homes and Furnitures etc
| MCLR - Interest Rates % | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 9 | 9 | 9 | 8.8 | 8.75 | 8.75 | 8.75 | 8.75 | 8.7 | 8.7 | 8.7 | 8.7 | 8.7 | 8.7 | 8.7 |
| 6 Months | 8.9 | 8.9 | 8.9 | 8.7 | 8.65 | 8.65 | 8.65 | 8.65 | 8.6 | 8.6 | 8.6 | 8.6 | 8.6 | 8.6 | 8.6 |
| 3 Months | 8.55 | 8.55 | 8.55 | 8.35 | 8.3 | 8.3 | 8.3 | 8.3 | 8.25 | 8.25 | 8.25 | 8.25 | 8.25 | 8.25 | 8.25 |
| Overnight | 8.2 | 8.2 | 8.2 | 7.95 | 7.9 | 7.9 | 7.9 | 7.9 | 7.85 | 7.85 | 7.85 | 7.85 | 7.85 | 7.85 | 7.85 |
Units: % Granularity: Monthly
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