Your rate stack
What this bank charges, and what it pays back.
01 · RBI
Repo rate
5.25%
Where the bank funds itself overnight
02 · Federal Bank
EBLR
5.25%
0 bps over repo
1Y MCLR
9.10%
+385 bps over repo
Most retail home loans sit on EBLR; older / corporate loans on MCLR
03 · Federal Bank
1Y FD (your deposit return)
6.40%
Gap to EBLR -115 bps · to MCLR +270 bps
See full FD slabsFederal Bank's lending-deposit spread sits at -115 bps on EBLR-linked loans and +270 bps on 1-year MCLR. If you hold both an FD and an OD here, that's the spread you're carrying both ways.
MCLR term structure
Rate by reset tenor.
5 tenors
Overnight
8.20
%
1-month
8.25
%
3-month
8.40
%
6-month
8.65
%
1-year
9.10
%
2-year
—
not reported
3-year
—
not reported
MCLR loans reset at the chosen tenor. A 1-year MCLR loan recalculates once a year; an overnight MCLR loan recalculates every business day. Most retail loans pick the 1-year MCLR.
Vs the sovereign curve
Federal Bank MCLR against same-tenor G-Sec yields.
Compare the cost of a term loan from Federal Bank against what a comparable corporate bond would price at: G-Sec yield plus a credit spread of roughly 75–150 bps for AAA names.
- 3-month+283 bpsMCLR8.40%G-Sec5.57%
- 6-month+285 bpsMCLR8.65%G-Sec5.80%
- 1-year+294 bpsMCLR9.10%G-Sec6.16%
Federal Bank MCLR · G-Sec from RBI curve · as of 22 May 2026
Closest peers by EBLR
