Indian Bank Slashes Loan Rates: MCLR, TBLR, Base Rate Cut for Cheaper Loans

• Indian Bank announced significant cuts in its lending rates, making various loans cheaper for borrowers.
• The Marginal Cost of Funds Based Lending Rate (MCLR) was reduced by 5 basis points across all major tenures.
• Treasury Bills Linked Lending Rate (TBLR) also saw reductions across different tenure categories.
• The bank further lowered its Base Rate from 9.60% to 9.55% and Benchmark Prime Lending Rate (BPLR) from 13.85% to 13.80%.
• These revised rates will be effective from January 3, 2026, benefiting home, auto, retail, and corporate loans.

Why It Matters: Indian Bank cuts MCLR, TBLR, Base Rate, and BPLR, making loans cheaper for customers from Jan 3, 2026.