eblr interest rate

City Union Bank has been honoured with 7 prestigious awards for FY23-24 for second year in a row at the 20th Banking Technology Conference, Expo & Citations, 2024

IBA Awards @20th Banking Technology Conference, Expo & Citations 2024

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Looking for something specific?
We are here to assist.

Ask Lakshmi, Your Virtual Assistant

Call CUB’s 24 X 7 Customer Care:

Write to us: customercare@cityunionbank.com

External Benchmark Rate (EBR) – Linked To Repo Rate

External Benchmark Lending Rate (EBLR) = Repo Rate + Spread

In terms of instruction issued by Reserve bank of India vide notification No.DBR. Dir.No.1413.03.00/2019-20 dated 4th September, 2019, all new floating rate Personal or Retail Loans and floating rate loans to Micro and Small Enterprises extended by the Bank from 01.10.2019 will be linked to an External Benchmark.
With a view to further strengthening monetary policy transmission, RBI has decided that all new floating rate loans to the Medium Enterprises extended by banks from April 01, 2020 shall be linked to the external benchmarks.
The effective rate of interest to the borrower will be the combination of EBLR, Credit Risk Premium and Business Strategy Premium.
Click here to view EBLR interest rate details