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Karur Vysya Bank Eases the EMI Squeeze with MCLR Cut to 9.55%

Updated: July 07, 2025 11:33

Image Source: Mint

Karur Vysya Bank Ltd (KVB) has revised its one-year Marginal Cost of Funds Based Lending Rate (MCLR) to 9.55%, effective July 8, 2025. The move reflects the bank’s response to evolving market dynamics and a slight softening in funding costs, offering potential relief to borrowers with floating-rate loans.

What This Means for Borrowers

The one-year MCLR is the benchmark for most retail loans, including home, auto, and personal loans.
A reduction in MCLR could lead to lower EMIs for borrowers whose loans are linked to this rate.
The revised rate applies to new loans and renewals from July 8 onward.

Why the Cut?

The revision aligns with broader market trends where banks are adjusting lending rates in response to liquidity conditions and cost of funds.
It also signals KVB’s intent to remain competitive in the retail and SME lending space, especially as credit demand picks up in the second half of FY2025–26.

About Karur Vysya Bank

Founded in 1916 and headquartered in Tamil Nadu, KVB is a prominent private sector bank with a strong presence in retail banking, SME lending, and digital banking services. The bank has been actively modernizing its offerings to cater to a growing base of tech-savvy customers.

Sources: Karur Vysya Bank, Business Standard, Capital Market

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