1. Consumer Banking

2. NRI Banking (Consumer)

3. Loans

4. Commercial Banking


Mortgage Reference Rate and Base Rate:

The interest rate on your variable rate Mortgage loan is linked to the Mortgage Reference Rate (MRR). Any revision in the MRR may impact the interest rate on your loan according to the bank's interest rate review policy. The MRR has been raised to 20% with effect from 1st August 2011.
The interest rate on your variable rate Mortgage loan, if disbursed upto 30th June 2010 is linked to the MRR of the Bank.
The interest rate on your variable rate Mortgage loan, if disbursed post 30th June 2010 is linked to the Base Rate of the Bank.

 

Base Rate of Barclays Bank PLC, India:

With Effect From Rate of Interest Valid till
01-Nov-11 10.50% per annum Existing
1-Oct-11 10.25% per annum 31-Oct-11
1-Jul-11 10.00% per annum 30-Sep-11
1-Mar-11 9.50% per annum 30-Jun-11
1-Jan-10 9.00% per annum 28-Feb-10
1-Dec-10 8.50% per annum 31-Dec-10
1-Nov-10 8.00% per annum 30-Nov-10
1-Oct-10 7.50% per annum 31-Oct-10
1-Jul-10 7.00% per annum 30-Sep-10

The Base Rate has been arrived at considering weighted average interest cost of Rupee term deposits (having tenor upto 6 months ) along with Current & Savings Account cost and other elements that are common across all categories of borrowers.