Indian Bank cuts interest rates for home loans
after close1 source ↓written by the desknot a recommendation
- rate RBLR
- 8.20% to 7.95%
- effective
- 6 Dec 2025
- rate cut
- 5.50% to 5.25%
- has decreased
- 1-year MCLR
- has decreased
- 8.85% to 8.80%
Indian Bank has announced a reduction in its repo-linked benchmark lending rate (RBLR) from 8.20% to 7.95%, effective 6 Dec 2025. This follows the RBI's repo rate cut from 5.50% to 5.25%. Additionally, the bank's 1-year MCLR has decreased from 8.85% to 8.80% from 3 Dec 2025. These changes will lower EMIs for customers with linked loans, enhancing affordability and potentially shortening loan terms.
This move may boost housing demand and improve sentiment in the banking sector. 📉
Not investment advice. For informational purposes only.