Hello,
Guest!
Axis Bank MY ZONE Credit Card
Axis Bank SELECT Credit Card
IndianOil Axis Bank Credit Card
Axis Bank Magnus Credit Card
Flipkart Axis Bank Credit Card
Axis Bank Vistara Credit Card
Axis Bank Rewards Credit Card
Axis Bank Vistara Infinite Credit Card
Axis Bank Neo Credit Card
Samsung Axis Bank Signature Credit Card
Axis Bank Aura Credit Card
Axis Bank Kwik Rupay Credit Card
Axis Bank Vistara Signature Credit Card
Axis Bank Privilege Credit Card
Samsung Axis Bank Infinite Credit Card
Axis Bank Reserve Credit Card
Axis Bank Airtel Credit Card
Axis Bank Insta Easy Credit Card
Axis Bank Freecharge Credit Card
Axis Bank Forex Card
Axis Bank Rupay Credit Card
Axis Bank Burgundy Private Credit Card
Axis Bank Credit Card Interest Rates
Axis Bank Credit Card Pin Generation
Axis Bank Credit Card Offers
Axis Bank Credit Card Types
HDFC Freedom Credit Card
HDFC Indian Oil Credit Card
HDFC MoneyBack Credit Card
HDFC Infinia Credit Card
HDFC Diners Club Black Credit Card
HDFC Swiggy Credit Card
HDFC Regalia Credit Card
HDFC Millennia Credit Card
HDFC Business MoneyBack Credit Card
HDFC Regalia Gold Credit Card
HDFC Regalia First Credit Card
HDFC UPI Rupay Credit Card
Paytm HDFC Bank Credit Card
HDFC MoneyBack+ Credit Card
Tata Neu Plus HDFC Bank Credit Card
Shoppers Stop HDFC Bank Credit Card
Flipkart Wholesale HDFC Bank Credit Card
6E Rewards IndiGo Credit Card
HDFC Times Platinum Credit Card
HDFC Bank Corporate Platinum Credit Card
HDFC Rupay Credit Cards
HDFC Forex Cards
HDFC Virtual Credit Card
Best HDFC Credit Cards
Instant Personal Loan Apps
Personal Loan Interest Rates
SBI Personal Loan
HDFC Personal Loan
IDFC Personal Loan
Poonawalla Fincorp Personal Loan
Moneyview Personal Loan
Prefr Personal Loan
KreditBee Personal Loan
SmartCoin Personal Loan
Kotak Personal Loan
Bajaj Finserv Personal Loan
Tata Capital Personal Loan
Yes Bank Personal Loan
L&T Finance Personal Loan
Cashe Personal Loan
KreditBee Business Loan
Moneyview Business Loan
Prefr Credit Business Loan
LendingKart Business Loan
Protium Business Loan
IIFL Business Loan
NeoGrowth Business Loan
SBI Business Loan
ICICI Bank Business Loan
Bajaj Finserv Business Loan
HDFC Bank Business Loan
Axis Bank Business Loan
Women Business Loans
Unsecured Business Loans
Working Capital Loan
CGTMSE Scheme
MSME Loan
PSB Loans in 59 Minutes
SBI E Mudra Loan
PMEGP Loan
Mudra Loan
Startup Business Loan
Saksham Yuva Yojana
Pradhan Mantri Rojgar Yojana
PMFME Loan
PM Vishwakarma Yojana
Loan Against Property Interest Rate
HDFC Loan Against Property
Federal Bank Loan Against Property
Kotak Loan Against Property
IDFC First Loan Against Property
Home First Loan Against Property
SBI Loan Against Property
PNB Housing Loan Against Property
Bajaj Finance Loan Against Property
Loan Against Property without Income Proof
SBI Loan Against Property Interest Rates
Loan Against Property Eligibility
Bank of Baroda Loan Against Property
Canara Bank Loan Against Property
LIC Loan Against Property
Blog
HDFC Credit Card Customer Care
Axis Bank Credit Card Customer Care Number
SBI Credit Card Customer Care
AU Bank Credit Card Customer Care Number
American Express Credit Card Customer Care
Standard Chartered Credit Card Customer Care Number
Yes Bank Credit Card Customer Care
IDFC Credit Card Customer Care Number
HSBC Credit Card Customer Care
HDFC Credit Card Airport Lounge Access
SBI Credit Card Airport Lounge Access
Axis Bank Credit Card Airport Lounge Access
HSBC Credit Card Airport Lounge Access
Flipkart Axis Bank Credit Card Lounge Access
Yes Bank Credit Card Lounge Access
Axis Bank My Zone Credit Card Lounge Access
Axis Bank Select Credit Card Lounge Access
Bajaj Finance Personal Loan Customer Care
SBI Personal Loan Customer Care
Indiabulls Personal Loan Customer Care
Kotak Bank Personal Loan Customer Care
HDFC Personal Loan Customer Care
MoneyTap Customer Care
Money View Customer Care
Mpokket Loan Customer Care
Cashe Customer Care
HDB Personal Loan Customer Care
IIFL Personal Loan Customer Care
ICICI MCLR Rate
ICICI MCLR range from 8.45% - 9.10% for different tenures. MCLR is the minimum interest rate below which a bank cannot charge interest rate on a specific loan. These MCLR rates determine the interest rates for different loans.
MCLR Rate of Top Banks Today
The Marginal Cost of the Fund-Based Lending Rate (MCLR) is an internal reference rate fixed by the Reserve Bank of India (RBI) for banks. It helps banks to decide the minimum rate of interest on different types of loans. Banks are not permitted to lend below the MCLR, or they will have to face strict regulatory action.
Following are the current ICICI MCLR Rate and MCLR rates of other top banks in India:
| Bank Name | Overnight | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years |
|---|---|---|---|---|---|---|---|
| ICICI Bank | 8.60% | 8.60% | 8.65% | 9.00% | 9.10% | NA | NA |
| Bank of India | 8.10% | 8.40% | 8.50% | 8.70% | 8.90% | NA | 9.10% |
| Axis Bank | 9.10% | 9.10% | 9.20% | 9.25% | 9.30% | 9.40% | 9.45% |
| Yes Bank | 9.20% | 9.55% | 10.20% | 10.45% | 10.60% | NA | NA |
| HDFC Bank | 8.95% | 9.00% | 9.15% | 9.30% | 9.30% | 9.35% | 9.35% |
| SBI | 8.00% | 8.20% | 8.20% | 8.55% | 8.65% | 8.75% | 8.85% |
| PNB | 8.25% | 8.30% | 8.50% | 8.70% | 8.85% | NA | 9.15% |
| PSB | 8.10% | 8.35% | 8.50% | 8.80% | 8.95% | NA | NA |
| Citibank | 7.05% | 7.30% | 7.30% | 7.40% | 7.25% | NA | NA |
| Bank of Baroda | 8.10% | 8.30% | 8.45% | 8.65% | 8.85% | NA | NA |
| IndusInd Bank | 10.10% | 10.15% | 10.30% | 10.45% | 10.45% | 10.50% | 10.50% |
| IDFC FIRST Bank | 9.80% | 9.80% | 10.00% | 10.30% | 10.45% | NA | NA |
| Central Bank of India | 8.00% | 8.05% | 8.40% | 8.60% | 8.75% | NA | NA |
| Federal Bank | 9.45% | 9.50% | 9.55% | 9.65% | 9.70% | NA | NA |
| IDBI Bank | 8.35% | 8.50% | 8.80% | 9.00% | 9.05% | 9.60% | 10.00% |
| Indian Overseas Bank | 8.00% | 8.25% | 8.45% | 8.70% | 8.85% | 8.85% | 8.95% |
| UCO Bank | 8.10% | 8.30% | 8.45% | 8.70% | 8.85% | NA | NA |
| Canara Bank | 7.95% | 8.05% | 8.15% | 8.50% | 8.90% | NA | NA |
| Kotak Bank | 8.65% | 8.90% | 9.05% | 9.30% | 9.45% | 9.50% | 9.60% |
| HSBC Bank | 8.50% | 8.65% | 8.80% | 8.90% | 8.95% | NA | NA |
You can also Apply for ICICI Bank Home Loan and check EMI, Interest rate and Eligibility Online to avail offer.
Table of Contents: ICICI MCLR Rate[Hide]
MCLR Rate of ICICI Bank
ICICI Bank MCLR ranges from 8.45% - 9.10% for different tenures with effect from 22 July 2024. These rates will be applicable till the next review by the bank. ICICI Bank is India's second largest private sector bank that offers a wide variety of lending and banking products and services. Like all other banks in India, ICICI Bank also revised its MCLR in May, which makes lending products cheaper for its customers. ICICI MCLR is the minimum interest rate below which the bank cannot charge for a specific loan product.
ICICI Bank revises its MCLR monthly on the 22nd. Below are the current MCLR of ICICI Bank with effect from 22.07.2024:
- Overnight: 8.60%
- 1 Month: 8.60%
- 3 Months: 8.65%
- 6 Months: 9.00%
- 1 Year: 9.10%
You can also check ICICI Bank Loan Against Property Online.
ICICI Bank MCLR Rate Trend
Below is the ICICI Bank MCLR rate trend in the year 2022 - 2024:
| Last MCLR Updated Date | Tenure | MCLR |
|---|---|---|
| 22.07.2024 | Overnight | 8.60% |
| 1 Month | 8.60% | |
| 3 Months | 8.65% | |
| 6 Months | 9.00% | |
| 1 Year | 9.10% | |
| 22.05.2024 | Overnight | 8.60% |
| 1 Month | 8.60% | |
| 3 Months | 8.65% | |
| 6 Months | 9.00% | |
| 1 Year | 9.10% | |
| 01.05.2024 | Overnight | 9.00% |
| 1 Month | 9.00% | |
| 3 Months | 9.10% | |
| 6 Months | 9.15% | |
| 1 Year | 9.20% | |
| 01.03.2024 | Overnight | 8.60% |
| 1 Month | 8.60% | |
| 3 Months | 8.65% | |
| 6 Months | 9.00% | |
| 1 Year | 9.10% | |
| 01.01.2024 | Overnight | 8.60% |
| 1 Month | 8.60% | |
| 3 Months | 8.65% | |
| 6 Months | 9.00% | |
| 1 Year | 9.10% | |
| 01.07.2023 | Overnight | 8.35% |
| 1 Month | 8.35% | |
| 3 Months | 8.40% | |
| 6 Months | 8.75% | |
| 1 Year | 8.85% | |
| 01.05.2023 | Overnight | 9.00% |
| 1 Month | 9.00% | |
| 3 Months | 9.10% | |
| 6 Months | 9.15% | |
| 1 Year | 9.20% | |
| 01.04.2023 | Overnight | 9.00% |
| 1 Month | 9.00% | |
| 3 Months | 9.10% | |
| 6 Months | 9.15% | |
| 1 Year | 9.20% | |
| 01.01.2023 | Overnight | 8.40% |
| 1 Month | 8.40% | |
| 3 Months | 8.45% | |
| 6 Months | 8.60% | |
| 1 Year | 8.65% | |
| 01.12.2022 | Overnight | 8.15% |
| 1 Month | 8.15% | |
| 3 Months | 8.20% | |
| 6 Months | 8.35% | |
| 1 Year | 8.40% | |
| 01.11.2022 | Overnight | 8.05% |
| 1 Month | 8.05% | |
| 3 Months | 8.10% | |
| 6 Months | 8.25% | |
| 1 Year | 8.30% | |
| 01.10.2022 | Overnight | 7.85% |
| 1 Month | 7.85% | |
| 3 Months | 7.90% | |
| 6 Months | 8.05% | |
| 1 Year | 8.10% | |
| 01.09.2022 | Overnight | 7.75% |
| 1 Month | 7.75% | |
| 3 Months | 7.80% | |
| 6 Months | 7.95% | |
| 1 Year | 8% | |
| 01.08.2022 | Overnight | 7.65% |
| 1 Month | 7.65% | |
| 3 Months | 7.70% | |
| 6 Months | 7.85% | |
| 1 Year | 7.90% | |
| 01.07.2022 | Overnight | 7.50% |
| 1 Month | 7.50% | |
| 3 Months | 7.55% | |
| 6 Months | 7.70% | |
| 1 Year | 7.75% | |
| 01.06.2022 | Overnight | 7.30% |
| 1 Month | 7.30% | |
| 3 Months | 7.35% | |
| 6 Months | 7.50% | |
| 1 Year | 7.55% |
ICICI Home Loan Interest Rate & MCLR
The current MCLR Rate ICICI Bank with effect from 22nd June, 2024 are mentioned below:
| Tenure | ICICI Bank MCLR Rate |
|---|---|
| Overnight | 8.60% |
| 1 Month | 8.60% |
| 3 Months | 8.65% |
| 6 Months | 9.00% |
| 1 Year | 9.10% |
The above MCLR ICICI Bank is not applicable anymore as the bank charges interest rates based on the Current Repo Rate now, which is 6.50%:
Following are the current ICICI Bank home loan interest rates linked to the current Repo Rate (RR):
| CIBIL Score | Salaried Customer | Self-employed Customer |
|---|---|---|
| 800 | 9.00% | 9.00% |
| 750 - 800 | 9.00% | 9.10% |
The above special interest rates are valid till 30 June 2024. After that, the following standard interest rates will be applicable:
Interest Rate for Salaried Customers
| Loan Amount | Floating Interest Rates |
|---|---|
| Up to Rs. 35 Lakhs | 9.25% - 9.65% |
| Rs. 35 Lakhs to Rs. 75 Lakhs | 9.50% - 9.80% |
| Above Rs. 75 Lakhs | 9.60% - 9.90% |
Interest Rate for Self-employed Customers
| Loan Amount | Floating Interest Rates |
|---|---|
| Up to Rs. 35 Lakhs | 9.40% - 9.80% |
| Rs. 35 Lakhs to Rs. 75 Lakhs | 9.65% - 9.95% |
| Above Rs. 75 Lakhs | 9.75% -10.05% |
ICICI 1 Year MCLR Rate
ICICI Bank MCLR Rate today is 9.10% for 1-year tenure with effect from 22 July 2024. This rate is valid till the next review, i.e. 22nd August 2024. The 1-year MCLR rate of ICICI is updated every month on the 1st. Even a small change in the MCLR may have a significant impact on your ICICI Home Loan linked to MCLR or other lending products offered by the bank. Therefore, you must check the updated MCLR rates of the bank every month. A fluctuation in MCLR can affect your loan Equated Monthly Instalments (EMIs) as well.
ICICI Bank MCLR Rate History
There has been a significant change in the MCLR rates of ICICI Bank in the last year. Following is the ICICI Bank MCLR rate history for the year 2022-2024:
| Last MCLR Updated Date | MCLR |
|---|---|
| 22.07.2024 | 8.60% - 9.10% |
| 22.06.2024 | 8.60% - 9.10% |
| 01.05.2024 | 9.00% - 9.20% |
| 01.03.2024 | 8.60% - 9.10% |
| 01.01.2024 | 8.60% - 9.10% |
| 01.07.2023 | 8.35% - 8.85% |
| 01.05.2023 | 9.00% - 9.20% |
| 01.04.2023 | 9.00% - 9.20% |
| 01.01.2023 | 8.40% - 8.65% |
| 01.12.2022 | 8.15% - 8.40% |
| 01.11.2022 | 8.05% - 8.30% |
| 01.10.2022 | 7.85% - 8.10% |
| 01.09.2022 | 7.75% - 8% |
| 01.08.2022 | 7.65% - 7.90% |
| 01.07.2022 | 7.50% - 7.75% |
| 01.06.2022 | 7.30% - 7.55% |
Related Articles
ICICI Bank MCLR Rate FAQs
What is the MCLR of ICICI Bank 2024?
The MCLR of ICICI Bank varies between 8.45% - 9.10% for different tenures w.e.f. 22.07.2024.
What is the Trend in MCLR in ICICI Bank?
The ICICI Bank MCLR rate trend in the year 2024 – 2025 varied between 8.60% to 8.60% for Overnight and 1 Month, 8.65% to 8.65% for 3 Months, 8.60% to 9.00% 6 Months, and 8.60% to 9.10% for 1 Year tenure.
What is the MCLR rate for ICICI Bank 6 months?
The MCLR rate for ICICI Bank 6 months is 9.00%.
What does 1 year MCLR means?
1 year MCLR means, the bank cannot charge interest rate on loans below the decided 1-year MCLR for a year. Current 1 year MCLR of ICICI Bank is 9.10%.
What is current MCLR rate of ICICI Bank?
The current MCLR Rate of ICICI Bank with effect from 22nd July 2024 is mentioned below:
| Tenure | ICICI Bank MCLR Rate |
|---|---|
| Overnight | 8.60% |
| 1 Month | 8.60% |
| 3 Months | 8.65% |
| 6 Months | 9.00% |
| 1 Year | 9.10% |
What is ICICI Bank I-EBLR?
ICICI Bank External Benchmark Lending Rate (I-EBLR) is referenced to RBI Policy Repo Rate with a markup over Repo Rate. The current I-EBLR is 9.25% p.a., effective September 30, 2022.
What is the difference between Base Rate and MCLR?
The Base Rate is based on the average cost of funds, whereas MCLR is based on the marginal cost of funds. Base Rate is calculated by considering the profit margin or minimum rate of return, and MCLR is calculated considering tenure premium.
What is the repo rate of ICICI Bank 2024?
The RBI Policy Repo Rate is 6.50% effective February 8, 2023.
What is MCLR full form?
The MCLR full form in banking is Marginal Cost of Funds Based Lending Rate.
