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Karur Vysya Bank Lowers One-Year MCLR to 9.80%, Effective June 7

Updated: June 06, 2025 13:41

Image Source: The Economic Times

Karur Vysya Bank Ltd (KVB) has announced a revision in its one-year Marginal Cost of Funds-based Lending Rate (MCLR), reducing it from 10.00% to 9.80%, effective June 7, 2025. This adjustment is expected to benefit borrowers, making loans slightly more affordable.

1. Impact on Borrowers and Loan Rates

The revised MCLR will apply to new loans and existing floating-rate loans linked to MCLR.
Borrowers with home loans, personal loans, and business loans tied to MCLR may see a slight reduction in interest costs.
The move aligns with broader banking trends, where financial institutions are adjusting lending rates based on market liquidity and RBI policies.

2. Industry Trends and Competitive Positioning

Several banks, including Federal Bank and Indian Bank, have also adjusted their MCLR rates recently.
KVB’s rate revision positions it competitively within the private banking sector, offering borrowers more favorable lending terms.

3. Future Outlook and Market Response

Analysts predict that further rate adjustments may follow, depending on inflation trends and RBI’s monetary policy stance.

Borrowers are advised to review their loan agreements and consult with their banks to understand the impact of the revised MCLR on their EMIs.

Sources: .codeforbanks.com, Bank Bazar, Federalbank.co.in

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