Homearrow_0265f88342IndusInd Bank MCLR Rate

IndusInd Bank MCLR Rate

Apply Now

IndusInd Bank MCLR ranges from 10.20% - 10.55% w.e.f 22 May 2025 for different tenures. MCLR is the minimum rate below which a bank cannot charge an interest rate for a specific loan. These MCLR rates determine the interest rates for different loans.

  • Top Banks
  • MCLR Rate 2025
  • MCLR Rate Trend
  • Home Loan Interest Rate & MCLR
  • 1-Year MCLR Rate
  • MCLR Rate History

MCLR Rate by Top Banks

The Marginal Cost of the Fund-Based Lending Rate, abbreviated as MCLR, is an internal reference rate decided by the Reserve Bank of India (RBI) for banks in India. MCLR helps banks determine the minimum interest rate for different types of lending products like home loans, personal loans, etc. Banks cannot offer loan interest rates below the MCLR, or else they will have to face strict regulatory action.

Following are the current IndusInd Bank MCLR and MCLR rates of other top banks in India:

Bank NameOvernight1 Month3 Months6 Months1 Year2 Years3 Years
IndusInd Bank10.15%10.20%10.25%10.35%10.35%10.35%10.35%
Canara Bank8.25%8.35%8.45%8.80%9.00%9.30%9.40
Axis Bank9.15%9.15%9.25%9.30%9.35%9.45%9.50%
Yes Bank9.10%9.45%10.10%10.35%10.50%NANA
HDFC Bank9.05%9.10%9.20%9.35%9.40%9.40%9.40%
ICICI Bank8.60%8.60%8.65%9.00%9.10%NANA
SBI8.20%8.45%8.50%8.85%8.95%9.05%9.10%
PNB8.30%8.35%8.55%8.75%8.90%NA9.20%
PSB8.20%8.45%8.55%8.85%9.10%NANA
Citibank6.65%6.90%6.95%7.00%6.95%NANA
Bank of Baroda8.15%8.35%8.50%8.75%8.95%NANA
IDFC FIRST Bank10.20%10.20%10.40%10.60%10.70%NANA
Bank of India8.15%8.40%8.55%8.75%8.95%NA9.10%
Central Bank of India8.10%8.15%8.50%8.70%8.85%NANA
Federal Bank9.45%9.50%9.55%9.65%9.70%NANA
IDBI Bank8.40%8.55%8.85%9.10%9.15%9.70%10.10%
Indian Overseas Bank8.20%8.45%8.60%8.85%8.95%9.00%9.15%
UCO Bank8.20%8.35%8.50%8.80%8.95%NANA
Kotak Bank8.75%9.00%9.15%9.40%9.55%9.55%9.65%
HSBC Bank8.30%8.45%8.60%8.70%8.75%NANA

MCLR Rate of IndusInd Bank

IndusInd MCLR ranges from 10.20% - 10.55% for different tenures with effect from 22 May 2025. These rates will be valid till the next review by the bank, i.e. on 22 September. IndusInd Bank is a reputed bank in India that has a wide variety of lending and banking products and services to offer. IndusInd Bank revised its MCLR in January, making its lending products cheaper for its customers. MCLR of IndusInd Bank is the minimum interest rate below which it cannot charge for a specific loan product. 

IndusInd Bank revises its MCLR every month on the 22nd. Below is the current MCLR IndusInd Bank with effect from 22.05.2025:

  • Overnight: 10.15%
  • 1 Month: 10.20%
  • 3 Months: 10.25%
  • 6 Months: 10.35%
  • 1 Year: 10.35%
  • 2 Years: 10.35%
  • 3 Years: 10.35%

You can also check IndusInd Bank Loan Against Property Online.

IndusInd Bank MCLR Rate Trend

Below is the IndusInd Bank MCLR rate trend in the year 2022 - 2025: 

Last MCLR Updated Date TenureMCLR
22.05.2025Overnight 10.15%
1 Month 10.20%
3 Months10.25%
6 Months10.35%
1 Year10.35%
2 Years10.35%
3 Years10.35%
22.08.2024Overnight 10.20%
1 Month 10.25%
3 Months10.40%
6 Months10.55%
1 Year10.55%
2 Years10.55%
3 Years10.55%
22.07.2024Overnight 10.10%
1 Month 10.15%
3 Months10.30%
6 Months10.45%
1 Year10.45%
2 Years10.45%
3 Years10.45%
22.03.2024Overnight 10.05%
1 Month 10.10%
3 Months10.25%
6 Months10.45%
1 Year10.45%
2 Years10.45%
3 Years10.45%
22.02.2024Overnight 10.00%
1 Month 10.05%
3 Months10.20%
6 Months10.35%
1 Year10.40%
2 Years10.40%
3 Years10.40%
22.01.2024Overnight 9.90%
1 Month 9.95%
3 Months10.10%
6 Months10.30%
1 Year10.35%
2 Years10.35%
3 Years10.35%
22.12.2023Overnight 9.85%
1 Month 9.90%
3 Months10.10%
6 Months10.30%
1 Year10.35%
2 Years10.35%
3 Years10.40%
22.04.2023Overnight 9.15%
1 Month 9.20%
3 Months9.55%
6 Months9.95%
1 Year10.20%
2 Years10.25%
3 Years10.30%
22.07.2023Overnight 9.50%
1 Month 9.55%
3 Months9.80%
6 Months10.10%
1 Year10.25%
2 Years10.30%
3 Years10.30%
22.04.2023Overnight 9.15%
1 Month 9.20%
3 Months9.55%
6 Months9.95%
1 Year10.20%
2 Years10.25%
3 Years10.30%
22.01.2023Overnight 8.80%
1 Month 8.85%
3 Months9.20%
6 Months9.65%
1 Year9.95%
2 Years10.10%
3 Years10.15%
22.12.2022Overnight 8.80%
1 Month 8.85%
3 Months9.20%
6 Months9.60%
1 Year9.95%
2 Years10.15%
3 Years10.15%
22.08.2022Overnight 8.25%
1 Month 8.30%
3 Months8.60%
6 Months8.95%
1 Year9.30%
2 Years9.60%
3 Years9.60%
22.07.2022Overnight 8.10%
1 Month 8.15%
3 Months8.40%
6 Months8.70%
1 Year9.00%
2 Years9.35%
3 Years9.30

IndusInd Home Loan Interest Rate & MCLR

The current IndusInd MCLR rate with effect from 22 May 2025 is mentioned below:

TenureIndusInd Bank MCLR 
Overnight10.15%
1 Month10.20%
3 Months10.25%
6 Months10.35%
1 Year10.35%
2 Years10.35%
3 Years10.35%

The current IndusInd Bank home loan interest rates range from 10.20% - 10.55% per annum. Even a little change in the MCLR rate can impact your IndusInd housing loan interest rate and EMI to be paid.

IndusInd 1-Year MCLR Rate

IndusInd 1-year MCLR is 10.35% with effect from 22 May 2025. This rate is applicable till the next review, i.e. 22nd September 2025. The 1-year MCLR rate of IndusInd Bank is updated every month on the 22nd. Even a small change in the MCLR can impact your IndusInd Home Loan linked to MCLR or other lending products offered by the bank. Hence, you must check the updated MCLR rates of the bank every month. A change in MCLR can affect your loan Equated Monthly Instalments (EMIs) as well. 

IndusInd Bank MCLR Rate History

There has been a significant change in the MCLR rates of IndusInd Bank in the last year. Following is the IndusInd Bank MCLR rate history for the year 2022-2025:

Last MCLR Updated Date MCLR
22.05.202510.15% - 10.35%
22.08.202410.20% - 10.55%
22.07.202410.10% - 10.45%
22.03.202410.05% - 10.45%
22.02.202410.00% - 10.40%
22.01.20249.90% - 10.35%
22.12.20239.85% - 10.40%
22.07.20239.50% - 10.30%
22.04.20239.15% - 10.30%
22.01.20238.80% - 10.15%
22.12.20228.80% - 10.15%
22.08.20228.25% - 9.60%
22.07.20228.10% - 9.30%

IndusInd Bank MCLR FAQs

The current IndusInd Bank MCLR rate ranges from 10.20% - 10.55% for different tenures.

The Base Rate is based on the average cost of funds. MCLR is based on the marginal cost of funds. Base Rate is computed by considering the profit margin or minimum rate of return, and MCLR is computed considering tenure premium.

The RBI has determined the following formula for calculating MCLR:

MCLR = (Marginal borrowing cost * 92%) + (Return on net worth * 8%).

The Marginal Cost of Funds Based Lending Rate (MCLR)was introduced on 1st April 2016 by RBI to tackle problems related to the base rate regime. The MCLR was aimed to help borrowers availing various loans benefit from the RBI’s rate cut.

RBI introduced MCLR on 1 April 2016.

Updated On Jun 2, 2025
https://cdn2
Written By
https://cdn2
Written By Reshma RawatAssistant Content Manager of MyMoneyMantraCredit Cards, Credit Score, Personal Loan, Home Loan, etc.

Reshma Rawat is a passionate writer, with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra, and writes blogs & webpages on financial products (loans, credit cards, insurance, financial policies by government, mutual funds, etc.

linkedin_icon_20ae63a5ce
Learn More
Assistant Content Manager of MyMoneyMantra
https://cdn2
Reviewed By
https://cdn2
Written By Abhijeet SinghSenior Editor of MyMoneyMantraCredit Cards, Credit Score, Personal Loan, Home Loan, etc.

Abhijeet Singh has comprehensive experience in business writing, content management, SEO, social media and user analytics. Key areas of expertise include stock markets and personal finance.

linkedin_icon_20ae63a5ce
Learn More
Senior Editor of MyMoneyMantra