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 · ICICI Bank
EBLR
7.50%
+225 bps over repo
1Y MCLR
9.15%
+390 bps over repo
Most retail home loans sit on EBLR; older / corporate loans on MCLR
03 · ICICI Bank
1Y FD (your deposit return)
6.25%
Gap to EBLR +125 bps · to MCLR +290 bps
See full FD slabsICICI Bank's lending-deposit spread sits at +125 bps on EBLR-linked loans and +290 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
8.95
%
1-month
8.95
%
3-month
9.05
%
6-month
9.10
%
1-year
9.15
%
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
ICICI Bank MCLR against same-tenor G-Sec yields.
Compare the cost of a term loan from ICICI 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+378 bpsMCLR9.05%G-Sec5.27%
- 6-month+366 bpsMCLR9.10%G-Sec5.44%
- 1-year+329 bpsMCLR9.15%G-Sec5.86%
ICICI Bank MCLR · G-Sec from RBI curve · as of 11 May 2026
Closest peers by EBLR
